MISSION
The Financing FundClientele, loans, and borrowings and Financement-QuébecClientele, loans, borrowings, and financial results are dedicated to the pooled financing of Québec’s public sector organizations.
The mandate of the Financing Fund is to ensure the pooled financing of government organizations, special funds, government enterprises and certain other public bodies. Financement-Québec carries out the same mandate for institutions included in Québec’s education and health and social services networks.
1991 | Creation of the Financing Fund whose mandate is to ensure the pooled financing of Québec’s public sector organizations |
1998 | Accounting reform broadening the reporting entity of the government and resulting in the creation of Financement-Québec |
1999 | Creation of Financement-Québec to take charge of the pooled financing of a portion of the Financing Fund's clientele, namely the institutions of Québec’s education and health and social services networks |
The main mission of the Financing Fund and Financement-Québec is to offer the organizations of Québec’s public sector financing at the lowest possible cost via pooled financing, complementing the services offered by the private sector. The presence of the Financing Fund and Financement-Québec has helped to increase competitiveness on the financial markets in which they are active and, in so doing, has made it possible to achieve substantial savings.
The principle advocated by the activities of the Financing Fund and Financement-Québec is that of “pooled financing”:
This process allows clients to borrow at rates equivalent or similar to those of the government, whereas in the past they had to pay higher rates due to the small size of the transactions and the illiquidity of the securities.
More specifically, the Financing Fund and Financement-Québec offer the following services to public organizations: