Continued financial diplomacy expands cooperation with the European Bank for Reconstruction and Development
On 24 March, in London, Minister of Finance Rimantas Šadžius met with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), and members of the Bank’s Board of Directors. The meetings highlighted the importance of further EBRD investments in achieving economic growth and stability in both Lithuania and the region. The EBRD’s crucial role in the development of the National Promotional Bank, ILTE, was also discussed.
During the meetings, the Minister underlined that the preparation of the EBRD Strategy for Lithuania for 2027-2031 is now a good opportunity to identify specific areas for further cooperation and investment enhancement, as the EBRD feels the pulse of our region and the huge added value of the EBRD's presence and investment in our country is visible. Therefore, the EBRD is expected to continue contributing to the development of capital markets, attracting private investment in Lithuania, as well as investing in infrastructure projects, including public-private partnerships.
“The European Bank for Reconstruction and Development investments in Lithuania have been increasing in recent years and we look forward to further successful cooperation. Although the EBRD’s specific mandate does not allow it to contribute directly to the financing of defence projects, redirecting most of the Bank’s investments to the private sector strengthens the country’s resilience, green transformation and energy independence. In addition, the EBRD has made a significant contribution to the development of the capital markets of the Baltic States, and we will continue our cooperation in this area as well,” R. Šadžius stated.
The Minister of Finance also highlighted the EBRD’s role in strengthening the National Promotional Bank, ILTE. The two institutions have similar fields of activity, so the EBRD is requested to share good practices in financial products, sector strategies, treasury and risk management and other areas, thus growing the National Promotional Bank.
Additional information:
The European Bank for Reconstruction and Development (EBRD) is an international financial institution established in 1991. The Bank's members include 75 countries and two international institutions – the European Commission and the European Investment Bank.
The EBRD’s objective is to promote economic reforms that accelerate countries’ transition to an open and democratic market economy. The Bank finances projects in the fields of agriculture, energy efficiency, financial institutions, manufacturing, local environmental infrastructure, natural resources, energy, property, tourism, small and medium-sized enterprises, telecommunications, information technology, media and transport.
The EBRD invested EUR 233 million in 18 projects in Lithuania in 2024.
Last updated: 03-04-2025
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