How to set up a combined FI and design a funding agreement: Case of Latvia

The morning session of the first day of the workshop was dedicated to the design of combined FI and the content of funding agreement with regards to the definition and management of the grant elements in combined FI. 

Mr Aleksejs Kanejevs, representing the Latvian national promotional bank ALTUM, described the way the combined FI are managed by Altum in cooperation with commercial financial intermediaries and how this set up is translated into the funding agreement signed with the Managing Authority.