In October 2019, a project to promote sustainable (green) investment was launched in Lithuania. In cooperation with the European Bank for Reconstruction and Development (EBRD), experts will prepare a country action plan on green finance and a feasibility study on establishing a Green Finance Institute in Lithuania. Our team, in partnership with Richard Kemish Consulting Limited and Linklaters, is advising the Ministry of Finance, the European Commission and the EBRD on this project, which is funded by the European Union through the Structural Reform Support Programme and in collaboration with the European Commission Structural Reform Support Service.
First country in Europe to launch project of this kind
Lithuania is the first country to launch a project of this kind together with the European Commission and the EBRD. The aim of the project is to develop a strategy and action plan to encourage financial flows towards sustainable projects and to increase the appeal of Lithuania as a jurisdiction to attract funding for sustainable (green) projects. The project is expected to provide more opportunities to create a favourable ecosystem for financing sustainable projects through Lithuania as a jurisdiction, to promote the development of sustainable instruments and to engage the public in the pursuit of sustainable development goals.
Partner Tomas Kontautas, senior associate Dalia Augaitė and associate Rimantas Bendorius, in cooperation with international experts, are advising the Ministry of Finance, the European Commission and the EBRD on the project action plan and other project-related issues.
The EBRD team includes Jim Turnbull ir Razvan Dumitrescu.