BDAR
gdpr

Other Debt Instruments and Guarantees

Ministry of Finance can also borrow on behalf of the State by signing loan agreements with domestic and foreign creditors, including international financial institutions, state– and municipality–controlled entities and foreign governments.

Loan Agreements with International Financial Institutions

Institution Amount (millions) Currency Date of agreement Term (years)
European Commission 200 EUR 2020 10 19 5
100 EUR 2020 10 19 30
302 EUR 2020 10 19 15
205 EUR 2020 10 19 8
150 EUR 2020 10 19 25
Purpose: Financing of the increase of public expenditure in order to provide Support to mitigate Unemployment Risks in an Emergency (SURE) due to the COVID-19 outbreak.
Nordic Investment Bank 400 EUR 2020 04 03 10
Purpose: Financing of the increase of public expenditure due to COVID-19 outbreak.
100 EUR 2015 04 27 20
100 EUR 2009 12 09 20
Purpose: Financing of the Public Sector Efficiency Project and the Housing Renovation Programme.
European Investment Bank 700 EUR 2020 04 06 25
300 EUR 2018 04 13 25
300 EUR 2015 05 07 25
Purpose: Co-financing of projects in transport, energy, environment, innovations, agriculture and other areas under Lithuanian operational programmes for 2014–2020.
1132 EUR 2009 03 13 25
Purpose: Co-financing of projects in transport, energy, environment, innovations and other areas under Operational Programmes for Development of Human Resources, Economic growth and Promotion of Cohesion for 2007-2013.
Council of Europe Development Bank 100 EUR 2020 07 09 10
100 EUR 2020 04 30 10
Purpose: Financing of the increase of public expenditure due to COVID-19 outbreak.
100 EUR 2020-03-04 20
Purpose: To finance projects of construction or renovation of cultural, healthcare, education and sports facilities that are included into the Public Investment Programme 2019-2021.
67.5 EUR 2020 11 27 20
100 EUR 2019 06 04 20
Purpose: Financing of the Multi-Apartment Building Modernisation Programme.
100 EUR 2015 04 24 20
Purpose: To finance projects of construction or renovation of cultural, healthcare, education and sports facilities that are included into the Public Investment Programme 2014-2018.
130 EUR 2009 08 20 20
Purpose: Partial financing of eligible individual investment projects undertaken by the Republic of Lithuania to partially finance its State Investment Programme 2009-2011 in these sectors: improving living conditions in urban and rural areas, health, education and vocational training programmes.

Securities and Loans in German market

Instrument Amount (millions) Currency Issue date Coupon / interest rate Redemption date
Registered bonds 185 EUR 2014-05-30 3.43% 2034-05-30

State Guarantees

Debtor

At the end of 2021 (EUR thousands)

I. State guarantees which were assumed in accordance with the provisions of the Republic of Lithuania Law on State Debt 569,160.7
   1. State guarantees to international financial institutions for the purpose of State investment project financing (individual guarantees)  
        JSC "Klaipėdos nafta" 120,628.1
    2. State-guaranteed loans to students   
       The State Studies Foundation 82,778.1
   3. Loans guaranteed by guarantee institutions  
       Agricultural Credit Guarantee Fund 113,760.2
       Investment and Business Guarantees 201,994.3
   4. State guarantees granted on loans and debt securities to increase the financial liquidity of businesses (individual guarantees)  
      State Investment Capital 50,000.0
II. State guarantees to international financial institutions under international treaties ratified by the Seimas of the Republic of Lithuania  85,891.2
    Guarantees on loans granted by the European Commission for SURE program 83,953.5
    Guarantees on loans granted by the European Investment Bank 1,937.7
   
Total (I+II) 655,151.9
Ratio of State-guaranteed debt to GDP, % 1.2%

State guarantees as at the end of previous years can be found here.

Limits set for State guarantees in 2022 are here.

Last updated: 14-09-2022