Financial markets

Combatting money laundering and terrorist financing is a priority for the Swedish government. This work takes place globally, on the EU level and nationally. In Sweden, several law enforcement and administrative agencies, together with large parts of the private sector, have obligations in this area.

The Government today proposed extending the government credit guarantee programme ‘Företagsakuten’ into 2021 so as to cover lending after 31 December. The programme is intended to facilitate lending to small and medium-sized companies affected by the pandemic. The Företagsakuten programme was launched in spring 2020 as part of the Government’s measures to support the business sector during the ongoing pandemic and builds on an agreement between the government parties, the Centre Party and the Liberal Party.

On September 24 the Government decided to extend until the end of the year the government credit guarantee programme aimed at supporting small and medium-sized enterprises that have experienced financial difficulties due to the COVID-19 pandemic. The programme was launched in the spring as part of the Government’s measures to support the business sector during the ongoing pandemic and builds on an agreement between the government parties, the Centre Party and the Liberal Party. As a result of this decision, the option for businesses to take part in the credit guarantee programme applies to loans granted until 31 December 2020.

Global warming continues regardless of the COVID-19 pandemic. Climate change will remain the defining issue of our generation. The Government is therefore proposing investments of SEK 9.7 billion in green recovery initiatives in the Budget Bill for 2021. The Government’s proposals are based on an agreement between the government parties, the Centre Party and the Liberal Party.

The Government has adopted a framework that will enable an issue of sovereign green bonds. This will be the first time sovereign green bonds have been issued in Sweden. The Swedish framework has been awarded the highest possible environmental grade by the independent reviewer.

Swedish National Debt Office is instructed by the Government to issue green bonds in 2020 at the latest. The framework differentiates between green bonds and other bonds, and will demonstrate how the proceeds from the bonds are linked to the green expenditures in the central government budget. The framework was presented 5 June 2020.

The Swedish Financial Supervisory Authority is to work to ensure that the financial system contributes to sustainable development. Climate change is central to this work as it has a major global impact and clear connections to financial stability.

On Wednesday 25 March, a proposal was presented for loan guarantees to companies adversely affected by the COVID-19 virus outbreak. The aim is to make it easier for primarily small and medium-sized enterprises to access financing.