Fund For Local Authorities and Governments in Bulgaria - Nalas
Fund For Local Authorities and Governments in Bulgaria - Nalas
Fund For Local Authorities and Governments in Bulgaria - Nalas
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Institutionalization<br />
June 08 – December 08<br />
Technical assistance - function<strong>in</strong>g entity, <strong>in</strong>clud<strong>in</strong>g<br />
establish<strong>in</strong>g the proper staff<strong>in</strong>g levels <strong>and</strong><br />
procedures, selection criteria for the Manag<strong>in</strong>g bank<br />
etc.<br />
Selection of the Manag<strong>in</strong>g bank – Unicredit Bulbank is<br />
the Manag<strong>in</strong>g Bank<br />
Staff recruitment <strong>and</strong> tra<strong>in</strong><strong>in</strong>g – Flag is fully staffed<br />
Policies – both credit policy <strong>and</strong> credit approval<br />
process are developed <strong>and</strong> approved by Flag Board<br />
of Directors.
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