Fund For Local Authorities and Governments in Bulgaria - Nalas

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Types of loans • Project development (small loans of EUR 50,000 – 500,000 for project preparation: feasibility studies, technical design, etc.) • Bridge financing to fund payments to construction/suppliers in advance of the transfers from managing Authority; and • Co-financing of grants (15-50% of grant amounts, depending on the co-financing requirement) as well as financing ineligible costs such as VAT.
Responsibilities of the Managing Bank Assists FLAG in the lending process i.e.: • Communicates with municipalities on FLAG’s products and conditions • Assists local governments in structuring their loan applications • Receives the official loan applications and performs the initial formal review of applicants’ loan application
Page 1 and 2: Fund For Local Authorities and Gove
Page 3 and 4: Funding needs and statistics • Av
Page 5 and 6: Institutionalization June 08 - Dece
Page 7: Funding sources 1. Available - BGN
Page 11 and 12: Lending process Investment project
Page 13 and 14: Sub-loans limitations and requireme
Page 15 and 16: 2009 Credit Activity Credit contrac
Page 17: Offsetting the borrowing costs Obje

Fund For Local Authorities and Governments in Bulgaria - Nalas

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