Lithuania's Ministry of Finance announced that Finance Minister Kristupas Vaitiekunas and a ministry delegation will attend the European Bank for Reconstruction and Development annual meeting and Business Forum in Riga. The visit is set to culminate in the Baltic finance ministers and EBRD President Odile Renaud Basso signing an updated memorandum on development of the Baltic capital market, with the wider agenda centred on support to Ukraine, investment in resilience and stronger regional cooperation. The programme includes a panel on how regional capital markets can support competitiveness, with Lithuania highlighting deeper capital markets and investment in innovation, financial technologies, energy security and the green transition as priority areas. Vaitiekunas is also scheduled to meet Burkhard Balz of the Deutsche Bundesbank on current economic challenges, FinTech cooperation and the priorities of Lithuania's upcoming Presidency of the Council of the European Union, and to hold talks with Moldova's Deputy Prime Minister and Minister of Economic Development and Digitalization on EU integration support, finance-related technical assistance and bilateral economic ties. Ahead of the meeting, the minister pointed to the EBRD's almost EUR 10 billion of investment in Ukraine since the start of the war. The updated memorandum is due to be signed after the Baltic Investment Session and updates the 2017 agreement.

Original source Back to tracker