14-05-2024
G. Skaistė will open the EBRD Annual Meeting in Yerevan to discuss further support to Ukraine
On 14-16 May, Minister of Finance Gintarė Skaistė will visit Yerevan (Armenia), where the annual meeting of the European Bank for Reconstruction and Development (EBRD) is held. The Minister will chair the opening session of this year’s EBRD Annual Meeting and in her speech will highlight the Bank’s role in supporting Ukraine and the wider war-affected region.
In Yerevan, G. Skaistė will meet with EBRD leaders, together with other EBRD governors will elect the EBRD president for the next 4 years and attend the Bank’s plenary session to discuss the EBRD’s priority areas by 2030.
“We appreciate the EBRD’s support to Ukraine that is defending itself – since the beginning of the war, the Bank has provided EUR 4.1 billion funding to the country, focusing on energy security, restoration of vital infrastructure, ensuring food supply chains, and trade. This support helps to maintain the viability of the Ukrainian economy even in the face of the invasion. The Bank’s role in supporting the wider region affected by the war, including the Baltic States, is also crucial. The EBRD’s strategic objectives for the next few years must clearly reflect further support to Ukraine, and the expansion of operations to new countries must not reduce attention to the current countries of operation," G. Skaistė said.
During the visit to Yerevan, bilateral meetings are also planned with Armenia's Minister of Finance Vahe Hovhannisyan, Moldova's Minister of Economy and Digitalization and Deputy Prime Minister Dumitru Alaiba, high-level representatives of the USA and France.
The detailed agenda of the Minister of Finance will be published daily on the website finmin.lt.
Additional information:
- The European Bank for Reconstruction and Development is an international financial institution established in 1991. The Bank's members include 71 countries and two international institutions - the European Commission and the European Investment Bank.
- Lithuania has been a member of the EBRD since 1992. The Bank has invested in 126 projects in our country, totalling EUR 1.55 billion. Last year the EBRD invested EUR 150 million in a record amount of 14 projects.
- In Lithuania, the EBRD contributes to energy and transport infrastructure projects, participates in maintaining the stability of financial institutions, developing the capital market, as well as provides loans to small and medium-sized businesses.
- The Board of Governors of the EBRD is the highest governing body of the EBRD. The Governor of the EBRD from Lithuania is Minister of Finance Gintarė Skaistė.
- Only the Governor can hold the positions of chair or vice chair of the Board of Governors. Vice chairs participate in the Bank's administrative processes in solving relevant issues of that year.
Last updated: 16-05-2024
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