Heikki Niemeläinen

Municipal Guarantee Board safeguards and develops the joint funding of municipalities. The institution can grant guarantees for such funding of credit institutions directly or indirectly owned or controlled by municipalities which will be used for lending to municipalities and municipal federations, and to institutions which are wholly owned by municipalities or under their control. It can also grant guarantees for such funding of the credit institutions which will be used for lending to corporations designated by government authorities and engaged in the renting or production and maintenance of housing on social grounds or corporations controlled by them. Municipal Guarantee Board was founded on February 12, 1997 and is headquartered in Helsinki, Finland.