1887

Baltic Investment Programme

Twenty Years of Joint Nordic Financial and Technical Assistance to the Three Baltic Countries

image of Baltic Investment Programme

The Baltic Investment Programme was first launched for the period 1992-1995. It was then extended for another period, 1995-1998. In 1998 it was decided to let the programme come to a gradual end in 2003, the year before the three Baltic countries became members of the European Union. The main purpose of the programme was to promote the development of small and medium sized enterprises in the private sector as an important vehicle for economic growth and employment, as well as assisting the development of a commercial financial sector by establishing a national investment banks in each of the three countries. The report tells the story leading up to the agreement with the Baltic countries on the Baltic Investment Programme. It then goes on explaining the various phases in the development of the Programme, the tasks of the institution and the finances, how the institutions used the resources provided by the Programme. Some of the important sub-p rogrammes are explained in more detail. Finally, in the last chapter an assessment of the Programme is given.

English

.

1990 and 1991: Years of Reports

In June 1990 Finland suggested that the Nordic Investment Bank (NIB) should prepare a report on the economic situation and prospects for the development of the Baltic countries. A somewhat similar proposal was sent by the Nordic Council, an assembly of Nordic Parliamentarians, to the Nordic Council of Ministers at the end of August.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error