- Delegation to meet senior government officials, clients and business community
- Focus on renewables, financial resilience and private sector support
- EBRD invested a record €358 million in the region in 2022
European Bank for Reconstruction and Development (EBRD) Vice President for Policy and Partnerships Mark Bowman will visit Estonia, Latvia and Lithuania from 20 to 24 November. Mr Bowman will be accompanied by EBRD Managing Director for Central and South-eastern Europe Charlotte Ruhe.
This will be the first time Mr Bowman visits all three Baltic states in his capacity as Vice President, signalling the EBRD’s strong commitment to supporting further growth in the region.
Last year, the Bank invested a record €358 million in the three Baltic states, amid a challenging economic environment and reduced investor sentiment resulting from Russia’s war on neighbouring Ukraine. The Bank expects to maintain a similar level of investment in the region this year.
Mr Bowman will begin his trip in Lithuania where he will meet key members of the government, including Minister of Finance Gintarė Skaistė.
Mr. Bowman and Minister Skaistė will sign a €1 million grant agreement provided by the Lithuanian government to the EBRD, through the Action for Equality and Gender Fund. The grant funding will be used to support EBRD activities in Ukraine, particularly focused on supporting inclusive and resilient workforces in key companies during the conflict.
The EBRD delegation will also meet leaders from the business community, as well as the Bank’s existing and potential new partners in Vilnius. The EBRD aims to continue supporting green economy transition and financing innovation in Lithuania.
The delegation will then travel to Latvia, where they will meet with Latvian authorities, the municipality of Riga and EBRD clients. Discussions on financial resilience, supporting green economy transition and infrastructure investments, and the further development of capital markets are on the agenda.
Mr Bowman will conclude his trip in Tallinn, where EBRD representatives will meet members of the government and key private companies operating in different sectors. Discussions will include future steps in the low-carbon transition and energy security, cooperation to identify potential projects for co-financing, and support for local capital market development.
The EBRD is stepping up its presence in Tallinn, aiming to increase business development of eligible financing projects and expand cooperation with local and international financial institutions in Estonia.
The EBRD is a leading institutional investor in the Baltic states. To date, the Bank has invested €1.4 billion in 123 projects in Lithuania, €1.02 billion in 107 projects in Latvia, and €935 million in 110 projects in Estonia, the majority of which has been in the private sector. Supporting the green energy transition and further deepening regional capital markets are key priorities for the EBRD’s work in the Baltic states.