State guarantees for IMF financing
Government proposal to Parliament on granting a state guarantee to the Bank of Finland as security for the NAB arrangement and for a loan to the International Monetary Fund
The Finnish state will grant guarantees to the Bank of Finland as security for loans and financial commitments granted to the International Monetary Fund. The arrangement will secure the central bank's claims and ensure Finland's participation in stabilising the international economy.
- Status
- Passed
- Submitted
- 15 Oct 2020
- Latest event
- 13 Nov 2020
- Votes
- 0
- Speeches
- 2
- Statute
- 798/2020
- Source
- eduskunta.fi ↗
What is proposed
The Government will be authorised to grant the Bank of Finland a guarantee of 2.27 billion special drawing rights (SDR) as security for the NAB financing arrangement and a guarantee of 3.76 billion euros for a bilateral IMF loan. Once the doubling of the NAB arrangement enters into force, the guarantee amount for the bilateral loan will decrease to 1.62 billion euros and earlier guarantees will be repealed.
What it means
The measure will support the IMF's lending capacity in international economic crises. The state's guarantee liabilities will initially remain unchanged at around 7.98 billion euros, but upon the entry into force of the NAB increase, they will decrease by around 780 million euros to a total of around 7.2 billion euros.
How Parliament voted
The bill passed without a vote – no MP proposed rejecting or amending it in plenary.
Debate in the chamber
MPs' plenary speeches verbatim from the parliamentary record. Open a debate to read what was said about the bill and by whom. Speeches are shown in their original language.
2 speeches · 2 speakers · 2 debates
Keskustelu päättyi. Asia lähetettiin valtiovarainvaliokuntaan.
Keskustelu päättyi. Eduskunta antoi suostumuksensa valtiontakuisiin ja aikaisempien valtiontakuiden kumoamiseen mietinnön mukaisesti. Asian käsittely päättyi.
Stages of consideration
The bill's path from the preliminary debate to the decision, as recorded by Parliament.
- 15 Oct 2020Eduskuntakäsittelyn vireilletulo · Valtiovarainministeriö
- 20 Oct 2020Lähetekeskustelu · Täysistunto
- 6 Nov 2020Valiokunnan mietintö tai lausunto · valtiovarainvaliokunta
- 11 Nov 2020Ainoa käsittely · Täysistunto
- 12 Nov 2020Eduskunnan vastaus ja kirjelmä
Decisions by law proposal4
- Eduskunnan suostumuksen antaminen valtuudelle valtiontakuun myöntämiseksi Suomen Pankille NAB-järjestelyn vakuudeksi. · 798/2020
- Eduskunnan suostumuksen antaminen aikaisemman, vuonna 2016 NAB-järjestelyn vakuudeksi myönnetyn valtiontakuun kumoamiselle. · 798/2020
- Eduskunnan suostumuksen antaminen valtiontakuun myöntämiseksi Suomen Pankille Kansainväliselle valuuttarahastolle myönnettävän kahdenvälisen lainan vakuudeksi. · 798/2020
- Eduskunnan suostumuksen antaminen aikaisemman, vuonna 2017 kahdenvälisen lainan vakuudeksi myönnetyn valtiontakuun kumoamiselle · 798/2020
Proposed law text
The law proposals in the bill as the Government presented them. The final act may differ after committee consideration.
The law text is shown in Finnish or Swedish from Parliament's official documents; it is not translated into English.
Main content of the bill (official)
The summary and title were produced with AI on 13 Sep 2026. They are not official documents – check the details in the original bill. The title and summaries are machine translations of the Finnish AI summaries. Speeches and quotations are always shown in their original language.