It is designed so that the central government lends money to the autonomous communities and that they do not have to finance their debt in the markets.
[1] It is run by the ICO (Official Credit Institute), under the Ministry of Economy.
There is a common and indispensable requirement, which forces the autonomous communities that cling to the Fund to allocate the money to pay the debt with the banks or financial entities mainly.
[2] In the first year, 9 autonomous communities requested the Fund and in total, the central government delivered €16.6 billion:[3] In the second years, other 9 autonomous communities requested the money of the Fund, being delivered by the government almost €20 billion.
Apart from those mentioned, the Canary Islands and Galicia were financed by the Financial Facility Fund.