State guarantee for an IMF loan
Government proposal to Parliament on granting a state guarantee to the Bank of Finland as security for a loan to the International Monetary Fund
The Finnish State will grant the Bank of Finland a state guarantee of up to 3.76 billion euros as security for a loan to be provided to the International Monetary Fund. The arrangement replaces an earlier corresponding guarantee and secures the Fund's crisis financing capacity.
- Status
- Passed
- Submitted
- 1 Dec 2016
- Latest event
- 1 Mar 2017
- Votes
- 0
- Speeches
- 26
- Statute
- 139/2017
- Source
- eduskunta.fi ↗
What is proposed
The Government will receive authorization from Parliament to grant the Bank of Finland a state guarantee of up to 3.76 billion euros without counter-security for potential losses under a new and previous bilateral IMF loan agreement, and at the same time the previous guarantee from 2012 will be repealed.
What it means
The Finnish State's guarantee liabilities remain unchanged at 3.76 billion euros, and no new total liabilities will arise. The guarantee enables the Bank of Finland to participate in the reserve financing of the International Monetary Fund (IMF) in 2017–2019 (potentially up to 2020), although the state's risk of loss is considered unlikely due to the IMF's preferred creditor status.
How Parliament voted
The bill passed without a vote – no MP proposed rejecting or amending it in plenary.
Debate in the chamber
What was argued and where each group stood, followed by MPs' speeches verbatim from the parliamentary record. Speeches are shown in their original language.
26 speeches · 7 speakers · 2 debates
Key points of the debate
The debate addressed renewing the state guarantee for a loan granted by the Bank of Finland to the International Monetary Fund. The legislative proposal itself received unanimous support in committee and in the plenary session, but the discussion broadened into a heated debate on the management of past European debt crises, collateral arrangements, and shifts in party positions.
- How should the state's total liabilities and international guarantees be managed?
- Have Finland's previous crisis fund commitments and collaterals been sufficiently sound?
- Have the political parties acted consistently and in line with their promises in handling the euro crisis?
- Finns PartyIn favour
The Finns Party supported the proposal, stating that it was justified in order to secure the IMF's crisis management capacity and included improved terms for lenders compared to the past.
”Tässähän uusitaan tämä 2013 annettu valtiontakuu 3,76 miljardia euroa.”
— Sami Savio - Centre PartyIn favour
The Centre Party emphasised moderation and putting the domestic economy in order amidst international economic crises and uncertainties.
”sanoisin, että ehkä viisautta tässä asiassa on, niin kuin kaikissa muissakin asioissa, panna se oma talous ensin kuntoon ja sen jälkeen jäädä ehkä ihmettelemään, mitä muualla maailmassa tapahtuu.”
— Hannu Hoskonen - Social DemocratsIn favour
The Social Democrats considered international guarantees a serious matter and called for a strict, responsible, and consistent approach as well as open plenary debate on guarantee decisions.
”Siksi onkin tärkeää, että Suomen linja on johdonmukainen ja tiukka näissä asioissa.”
— Pia Viitanen
This digest was generated by AI from 26 speeches 13 Sep 2026. Group positions are read from the speeches, not from votes; quotations were checked verbatim against the record.
Keskustelu päättyi. Asia lähetettiin valtiovarainvaliokuntaan.
Keskustelu päättyi. Eduskunta antoi suostumuksensa valtiontakuuseen ja aikaisemman valtiontakuun kumoamiseen mietinnön mukaisesti. Asian käsittely päättyi.
Stages of consideration
The bill's path from the preliminary debate to the decision, as recorded by Parliament.
- 1 Dec 2016Eduskuntakäsittelyn vireilletulo · Valtiovarainministeriö
- 7 Dec 2016Lähetekeskustelu · Täysistunto
- 14 Feb 2017Valiokunnan mietintö tai lausunto · valtiovarainvaliokunta
- 21 Feb 2017Ainoa käsittely · Täysistunto
- 28 Feb 2017Eduskunnan vastaus ja kirjelmä
Decisions by law proposal2
- Eduskunnan suostumuksen antaminen valtuudelle valtiontakuun myöntämiseksi Suomen Pankille Kansainväliselle valuuttarahastolle annettavan lainan vakuudeksiHyväksytty · 139/2017
- Eduskunnan suostumuksen antaminen aikaisemman 2012 myönnetyn valtiontakuun kumoamiselleHyväksytty · 139/2017
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.