3 Aug 2020
EUR 60 million
Industries and services
|Date of agreement:||3 Apr 2020|
|Customer:||Republic of Lithuania|
|Amount in EUR:||EUR 400 million|
The loan has been provided to the Republic of Lithuania to finance the additional funding needed to support the measures taken to mitigate the effects of the coronavirus Covid-19 pandemic.
The Lithuanian government has prepared a EUR 2.5 billion Economic and Financial Action Plan containing a wide range of measures to provide the necessary support to the national economy.
Under the Action Plan, the funds will be allocated to the following objectives and key measures:
The loan will not be directed to any specific project, but rather provide countercyclical funding to support NIB’s member country in its efforts to alleviate the socio-economic disruption caused by the spread of the coronavirus. It will serve as an alternative source of financing at a time of increased volatility in financial markets.
The funds will not be used to finance projects defined in the exclusion list in NIB’s sustainability policy.