- EBRD President Odile Renaud-Basso to meet heads of government, senior officials, clients and partners on her first visit to the Baltic states
- Discussions to focus on supporting the development of the region’s renewable energy potential and financing the private sector
- Bank has invested more than €3 billion in the region to date, with record-breaking volumes of investment in 2022 and 2023 amid the war on Ukraine
The President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, will visit Estonia, Latvia and Lithuania from 8 to 11 April 2024. It will be her first visit to the Baltic states.
During her visit, the President will hold a series of high-level meetings with government, senior officials, private-sector clients and international partners.
Discussing the agenda of her visit, Ms Renaud-Basso said: “I am delighted to visit Estonia, Latvia and Lithuania for the first time as EBRD President and reaffirm our strong commitment to the region. We stand ready to invest further in all three countries, to support their renewable energy potential and foster growth in both the private sector and the wider economy.”
Ms. Renaud-Basso will begin her visit in Estonia, where she will meet, among others, EBRD Governor and Minister of Finance Mark Vorklaev, Governor of the Bank of Estonia Madis Müller and a number of EBRD clients and partners.
She will then travel to Latvia, where she will hold meetings with Latvian officials including Prime Minister Evika Silina and EBRD Governor and Minister of Finance Arvils Aseradens. President Renaud-Basso will also meet with the Mayor of Riga, Vilnis Ķirsis, to discuss how the EBRD can further support the city with its urban development goals.
The President will conclude her visit in Vilnius, Lithuania, where she will meet with Prime Minister Ingrida Simonyte, Minister of Finance and EBRD Governor Gintare Skaiste and EBRD clients.
Discussions will focus on supporting the private sector and capital markets in the region to unlock investment opportunities. The three Baltic states have faced a challenging economic environment and seen reduced investor appetite as a result of Russia’s war on Ukraine.
The EBRD President will also participate in the Three Seas Initiative’s Business Forum alongside Prime Minister Simonyte and heads of other international financial institutions to explore ways to promote cohesive economic development in the Three Seas region. The President will be joined by Elisabetta Falcetti, EBRD Regional Director for Poland and the Baltic states, and Tomas Kairys, the EBRD’s Head of the Baltic states.
The EBRD is a leading institutional investor in the Baltic states. To date, the Bank has invested more than €1.5 billion in 126 projects in Lithuania, €1.1 billion in 109 projects in Latvia and almost €925 million in 111 projects in Estonia. Supporting the region’s green transition and fostering the knowledge economy through more diversified sources of private finance (including the development of capital markets) are two key priorities of the Bank’s activities in the region.