The European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Lithuania for the period 2021-26 with two priorities:
Support Lithuania’s green economy transition
The EBRD is well positioned to help accelerate the country’s green and just economic transition to meet its 2030 energy and climate targets. Based on the EBRD’s Green Economy Transition approach and building on its strong track record of institutional support and of financing renewable energy and energy efficiency in buildings, the Bank will support the transition towards reduced greenhouse gas emissions and improved energy and resource efficiency through a combination of policy engagement and investment.
Foster Lithuania’s knowledge economy
The EBRD has the capacity to identify and invest in innovative, high-growth companies directly through structured debt and equity products and indirectly through participating in investment funds and partner financial institutions. The Bank is also continuing its work to deepen the local and regional capital market as an investor and with policy engagement in order to provide companies with a wider variety of sources of finance.
Lithuania is a well-integrated, small, open economy benefiting from European Union (EU) membership. Demonstrating robust economic growth and significant convergence towards EU prosperity, the country is on a steady transition path. The economy has been significantly affected by the Covid-19 pandemic. In light of a strong policy response and considerable EU funding expected under the Recovery and Resilience Facility and the Multiannual Financial Framework, the EBRD country strategy will be reviewed in 2023 and adjusted to reflect the most recent developments.
The EBRD has been working in Lithuania since the country regained its independence in the early 1990s. To date, the Bank has invested almost €1.1 billion through 104 projects in the country.