Newsletter n°9, March 2011

Global survey on Impact of the financial crisis on the Public Finance specialized banks and their regional and local partners. You find the survey here.

Click here to read the Press Release.

ICLC's Conference and General Assembly took place in Marrakech on 23-25 March 2011. Main topic for this meeting "Prospects for financing public infrastructure.

All news

Newsletter n°9, March 2011

Survey shows that the autumn financial crisis did not lead to a credit crunch for Local Authorities.

Click here to read press release.

The International Centre for Local Credit present itself here.

Looking at the Urban century and gives a snapshot on the local status of a global crisis.

Kuntarahoitus Municipality Finance

Municipality Finance is the only public sector owned credit institution in Finland specializing purely in the local government sector.

Municipality Finance offers funding to municipalities, municipal federations and organisations owned or controlled by those, and housing corporations that serve the public good, by raising funds on the Finnish and international capital markets.

Municipality Finance Plc. is owned 59.2% by Finnish local governments together with the Association of Finnish Local and Regional Authorities (AFLRA). The balance (40.7%) is owned by the Local Government Pension Institute (LGPI). The LGPI, the municipalities, joint municipal boards, central municipal organisations, corporations owned completely or on a majority basis by municipalities and companies owned by such corporations are the only entities that are allowed to be shareholders in Municipality Finance without special consent.

Kuntarahoitus Municipality Finance (http://www.kuntarahoitus.fi/eng/index.php?m=1&id=889)

Financial information, English