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                "",
                "The assessment must examine the following issues:",
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                "1. Finnvera\u2019s operations",
                "\u2022 Is Finnvera\u2019s operations correctly targeted and scaled, taking into account market deficiencies related to the development of Finnish business financing and the future outlook? (domestic financing)",
                "\u2022 How does Finnvera\u2019s SME financing activities respond to market failures through its activities? Is the current model (incl. focus, instruments, quality\/availability of services and utilisation of EU funding) a workable solution? Is Finnvera\u2019s operations causing distortions in the business and\/or corporate sector or does it have an undesirable impact on the financial markets? The assessment should take into account how the government\u2019s public SME financing activities function in reference countries (to be agreed separately) and what the key differences are in relation to the Finnish model, including how the profitability targets for public SME financing have been set in the reference countries. (domestic financing)",
                "\u2022 How well do Finnvera\u2019s services create positive impact and how should the impact assessment methods used by Finnvera be developed? (domestic and export financing)",
                "\u2022 Assessment of Finnvera\u2019s activities in the context of the green transition. How\/with what measures would Finnvera best promote Finland\u2019s green transition (incl. measures undertaken and planned) and, based on this assessment, development proposals for Finnvera\u2019s green transition activities? (domestic and export financing)",
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                "2. Finnvera as part of the Ministry of Economic Affairs and Employment group and steering of Finnvera",
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                "\u2022 How well does Finnvera implement the policy objectives of the Ministry of Economic Affairs and Employment and how could the company\u2019s operations be developed in this respect?",
                "\u2022 How is the steering of the Ministry of Economic Affairs and Employment viewed and what kind of development needs are observed in this respect?",
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                "As a result of the evaluation, the commissioned party will prepare, either in Finnish or in English, a report containing, in addition to the assessments mentioned above, conclusions and recommendations on reform needs of Finnvera\u2019s  operations, tasks and strategic goals.",
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            "The company\u2019s task is to correct deficiencies in the provision of financial services, which is why risk-sharing with other financiers is the main rule.",
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            "The loans and guarantees granted by Finnvera improve and diversify access to financing, especially for SMEs. The State participates in compensating for the credit and guarantee losses of domestic financing intended for SMEs, which is why the company may take greater risks in its lending activities than banks.",
            "Finnvera and its subsidiary Finnish Export Credit ltd grant export financing. Export credit guarantees, loans and interest equalisation are mainly granted in accordance with the terms of the OECD\u2019s Arrangement on Officially Supported Export Credits. Finnvera is Finland\u2019s official export credit Agency (ECA).",
            "The Ministry of Economic Affairs and Employment is responsible for the company\u2019s industrial policy and ownership steering.",
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            "In addition, the purpose of the assignment is to bring an insight into the green transition, as Finland has been a frontrunner in green transition solutions and public funding providers have a role to play in financing transition investments. The Ministry considers it important that special public financing institutions and instruments adopt a consistent approach to channelling funding to the green transition.",
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