MuniFin funds its operations through international capital markets. During the past 20 years, we have established a strong presence in the main capital markets and built a reputation as one of the most flexible and investor driven borrowers.
Finland is one of the few countries to successfully combine extensive welfare system with high competitiveness. The decision-making and deliverance of welfare services are decentralised in order to secure the effectiveness of the public sector. The Finnish public sector is split into central and local governments; the municipalities are highly independent and have an unlimited right to levy taxes on their inhabitants.
In June 2018, the Bank of Finland expected Finland's economic growth to continue and remain broadly based. GDP growth forecasts for 2018–2020 stand at 2.9%, 2.2% and 1.7%. The declining growth rate in the immediate years ahead reflects the moderate long-term outlook for growth. Inflation will remain close to 1% over the years 2018–2019 before gathering pace and reaching 1.5% in 2020.
The Finnish Financial Supervisory Authority FIN-FSA confirmed that it regards the bonds issued by Municipality Finance Plc (MuniFin) as HQLA Level 1 liquid assets.