International financial affairs

alt=" "Finland is a party to or member of various international financial institutions and mechanisms. The task of these institutions is to promote economic growth and development and ensure stability.

The Ministry of Finance represents Finland in international affairs within its sphere of operations and promotes the economic interests of Finland and the achievement of the country's strategic goals. The Ministry of Finance is responsible for preparatory work in matters related to international financial institutions, other international organisations, the stability of the euro area and financial aid programmes.

Financial assistance programmes and euro area stability

Financial assistance programmes can be used to support the recovery of countries experiencing financial difficulties. A condition for granting loans is that agreed economic and structural reforms are made.

International financial institutions

The Ministry of Finance bears primary responsibility for preparation of issues relating to the World Bank, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Nordic Investment Bank (NIB).

Primary responsibility for preparation of issues relating to the International Monetary Fund (IMF) lies with the Bank of Finland. The Ministry of Finance cooperates with the Bank of Finland on issues related to the IMF.

The Ministry's tasks also include monitoring the economic issues decided in the G20 and the preparation of EU views in relation to them, Nordic economic cooperation, and issues that concern the Paris Club and EU macro-financial assistance.

Inquiries:

Kristina Sarjo, Director, Head of Unit, tel. +358 2955 30055, kristina.sarjo(at)vm.fi

Jouni Sinivuori, Senior Ministerial Adviser (euro area stability), tel. +358 2955 30463, jouni.sinivuori(at)vm.fi