标题：The impact of Implementing a New Rating System for the Framework Covenant on the Guarantee and Counter-Guarantee Coverage Level for SME Loans on the Access to Finance
期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2015
卷号：15
期号：2
语种：English
出版社：Ovidius University Press
摘要：The National Credit Guarantee Fund for Small and Medium Enterprises IFN SA (abbreviated as FNGCIMM SA – IFN in Romanian) was established in December 2001 by GD no. 1211/2001, in order to support the entrepreneurs’ activities (SMEs (small and medium enterprises), cooperative enterprises and natural persons authorized to do business under the law in force). As a joint-stock company whose sole shareholder is the Romanian State, represented by the Ministry of Finance, the Fund is a state instrument used in order to implement those policies that support the development of SMEs, which represents a priority of the national economic and social policies. The National Credit Guarantee Fund for Small and Medium Enterprises IFN SA is a financial instrument managed by the Ministry of Public Finances, providing guarantees and counter-guarantees to financial intermediaries, for the loans granted to SMEs by financial institutions, in order to increase the financing offer by the loans granted to SMEs.
