In Lithuania we focus on:
Supporting investments in renewable energy and energy efficiency. The EBRD continues to focus on promoting and financing new renewable energy generation and improving energy efficiency particularly in municipal and industrial sectors.
Improving the competitiveness of the export sector. The EBRD is promoting cross-border investments by Lithuanian companies elsewhere in our region and supports export-oriented enterprises with a focus on investments in advanced technologies. Investments in regional equity or mezzanine funds are also being considered.
Support strengthening of local banks. The EBRD is supporting the local banking sector, focussing on strengthening sector stability and promoting consolidation.
Policy dialogue. We are conducting policy dialogue with the Lithuanian authorities to support improvements in corporate governance in the financial and public sectors.
As well as being a country where the EBRD works, Lithuania is also an EBRD donor. Lithuania remains a supporter of the Eastern Europe Energy Efficiency and Environment Partnership Fund, having contributed €134,322 for activities in Armenia, Georgia, Moldova and Ukraine.
The EBRD’s latest strategy for Lithuania was adopted on 15 September 2021
EBRD forecast for Lithuania’s real GDP growth in 2023 0.0%
EBRD forecast for Lithuania’s real GDP growth in 2024 2.0%
GDP growth in Lithuania slowed to 1.9 per cent in 2022, dragged down by a 2.2 per cent drop in private consumption and stagnating public sector spending. Investment surprised on the upside, however, despite shrinking bank credit and increased financing costs, while relatively strong exports were balanced by high imports. In 2023, GDP growth is expected to remain flat, as high inflation has hit households’ disposable incomes and savings accumulated during the Covid- induced lockdowns have already been spent. The HICP inflation rate slowed to 15.2 per cent year- on-year in March 2023 and is expected to decelerate further. An economic recovery is expected to kick-off by the end of 2023, as investments accelerate under the RRF programme and the government’s multilateral green energy investment programme. In 2024, output is expected to grow by 2.0 per cent, with household consumption recovering.