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

InstitutionLoan Amount (million EUR)

Disbursement Amount (million EUR)

Term (years)Date of Agreement
European Commission1 099.06Purpose: 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 outbreak2020 10 19
20052020 10 19
100302020 10 19
302152020 10 19
20582021 05 11
150252021 05 11
142152022 11 18
1 551.67Purpose: Financing of the European Recovery and Resilience measures2023 12 01
109.83302023 12 08
Nordic Investment Bank400Purpose: Financing of the increase of public expenditure due to COVID-19 outbreak2020 04 03
400102020 04 03
100Purpose: Financing of the Public Sector Efficiency Project and the Housing Renovation Programme2009 12 09
30202009 12 09
10202009 12 09
10202009 12 09
50202009 12 09
100Purpose: Financing of the energy efficiency projects2015 04 28
30202015 09 07
10192016 08 26
30182017 11 29
30172018 12 13
57.50Purpose: Financing of the energy efficiency projects2023 12 21
18202023 12 21
European Investment Bank1 132Purpose: Co-financing of projects in the transport, energy, environment, innovations and other areas under Operational Programmes for Development of Human Resources, Economic growth and Promotion of Cohesion for 2007-20132009 03 13
340252009 03 31
340252009 09 10
340252010 12 13
112282009 03 13
300Purpose: Co-financing of projects in transport, energy, environment, innovations, agriculture and other areas under Lithuanian operational programmes for 2014–20202015 10 08
300252015 10 08
300Purpose: Co-financing of projects in the transport, energy, environment, innovations, agriculture and other areas under Lithuanian operational programmes for 2014–20202018 04 13
300252019 12 13
700Purpose: Co-financing of projects in the transport, energy, environment, innovations, agriculture and other areas under Lithuanian operational programmes for 2014–20202020 04 06
350252020 05 15
350252020 05 15
300Purpose: Co-financing of the EU projects under Lithuanian operational programmes for 2021–20272023 12 18
300252023 12 18
Council of Europe Development Bank130Purpose: 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 programmes2009 08 20
28152009 09 11
55152012 01 12
47152013 06 28
100Purpose: Financing of projects of the construction or renovation of cultural, healthcare, education and sports facilities that are included into the Public Investment Programme 2014-20182015 04 24
30192015 07 13
10192016 12 22
30192017 12 05
30192018 03 27
167.5Purpose: Financing of the Multi-Apartment Building Modernisation Programme.2019 06 04
50202020 04 20
27202021 03 11
15202021 06 18
15202021 08 03
10202021 10 29
15202021 12 06
20202022 11 08
15.5202023 05 25
100Purpose: Financing of projects of the construction or renovation of cultural, healthcare, education and sports facilities that are included into the Public Investment Programme 2019-20212020 03 04
5052020 04 07
50152022 02 02
200Purpose: Financing of the increase of public expenditure due to COVID-19 outbreak2020 04 30
75102020 05 20
12572021 06 16
120Purpose: Financing of the aid measures due to the Russian Federation's military invasion of Ukraine2022 09 12
80222023 03 01
40222023 11 28
100Purpose: Financing of projects of State Investment Programme 2022-20242023 03 22
50222023 12 06

Loans outstanding as at the end of previous years can be found here.

 

Securities and Loans in German market

InstrumentAmount (millions)CurrencyIssue dateCoupon / interest rateRedemption date
Registered bonds185EUR2014-05-303.43%2034-05-30

State Guarantees

Debtor

At the end of 2022 (EUR thousands)

I. State guarantees which were assumed in accordance with the provisions of the Republic of Lithuania Law on State Debt690,437.3
   1. State guarantees to international financial institutions for the purpose of State investment project financing (individual guarantees) 
        JSC "Klaipėdos nafta"143,529.3
    2. State-guaranteed loans to students  
       The State Studies Foundation90,136.3
   3. Loans guaranteed by guarantee institutions 
       Agricultural Credit Guarantee Fund141,897.9
       Investment and Business Guarantees214,873.8
   4. State guarantees granted on loans and debt securities to increase the financial liquidity of businesses (individual guarantees) 
      State Investment Capital100,000.0
II. State guarantees to international financial institutions under international treaties ratified by the Seimas of the Republic of Lithuania 86,222.3
    Guarantees on loans granted by the European Commission for SURE program83,983.5
    Guarantees on loans granted by the European Investment Bank2,268.8
  
Total (I+II)776,659.7
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 2024 can be found here.

Last updated: 30-01-2024