The Romanian Government on Wednesday approved a memorandum “Designating the National Guarantee Fund for SMEs (FNGCIMM) as a body implementing financial instruments as guarantees financed from the European Structural and Investment Funds for 2014-2020.”
The Finance Ministry said it initiated several normative acts, alongside the European Funds Ministry, allowing FNGCIMM to implement guarantee-type financial instruments included in 2014-2020 Operational Programs.