EBRD annual meeting in Riga – support to Ukraine, importance of investments in building resilience and strengthening regional cooperation
On 5-6 June, Minister of Finance Kristupas Vaitiekūnas and a delegation from the Ministry of Finance will participate in the annual meeting of the European Bank for Reconstruction and Development (EBRD) and the Business Forum in Riga, Latvia. During the visit, the Minister will attend a meeting with business representatives organised by the Lithuanian Embassy in Latvia, meet Burkhard Balz, Member of the Executive Board of Deutsche Bundesbank, and together with the Baltic Finance Ministers and EBRD President Odile Renaud Basso sign an updated memorandum on the development of the Baltic capital market.
"I am delighted that the EBRD annual meeting takes place in Riga, which reaffirms the Bank's important role in strengthening the economic resilience of our region. We also appreciate the EBRD’s significant support to Ukraine in its defence: since the beginning of the war, the bank has invested almost EUR 10 billion, which has contributed to the viability of the country's economy and private sector even in the face of the Russian invasion. We hope that the EBRD will continue to be one of Ukraine’s most important partners, contributing to strengthening the country’s resilience and preparing for future challenges. Equally important is the EBRD's contribution to strengthening the economies of countries affected by war and other crises and their private sector, including the Baltic region, “ Minister of Finance Kristupas Vaitiekūnas said ahead of the visit.
On Friday, the Minister of Finance will take part in a panel discussion on the role of regional capital markets in promoting competitiveness, meet with Burkhard Balz, Member of the Executive Board of Deutsche Bundesbank, and discuss the current economic challenges, increased cooperation in the field of FinTech and the priorities of the upcoming Lithuanian Presidency of the Council of the European Union. A meeting with business representatives at the Embassy of Lithuania is also scheduled for Friday.
The EBRD Board of Governors will hold a plenary session on Saturday to discuss three main issues: the EBRD's activities and future prospects in Ukraine, its role in supporting conflict-affected economies and the strengthening of economic governance in the EBRD's countries of operation as well as the Bank's financial performance and other operational issues.
The Baltic Investment Session will discuss how Lithuania, Latvia and Estonia remain one of the most dynamic and resilient regions in Europe, with strong economic foundations, innovations and a favourable business environment. According to the Minister, in order to maintain competitiveness, it is necessary to target investments in strategic sectors – the deepening of capital markets, the innovation ecosystem, financial technologies, energy security and the green transition – and, in order to ensure the long-term resilience of the Baltic economies, to strengthen regional cooperation and private sector involvement. The Baltic Investment Session will be broadcast live from 4 p.m. on Saturday here.
The updated Pan-Baltic Memorandum will be signed after the session. The updated memorandum, signed in 2017, aims to promote the further development of the Baltic capital market.
The delegation of the Ministry of Finance will also meet with Deputy Prime Minister of Moldova and Minister of Economic Development and Digitalization Eugen Osmochescu to discuss Lithuania's support for Moldova's integration into the European Union, technical assistance in the field of finance and possibilities to strengthen bilateral economic and trade cooperation. During the visit, meetings are planned with US, Canadian delegations, EBRD First Vice President Greg Guyett, representatives of Citi Bank.
Last updated: 08-06-2026
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