May, 31st, 2007
NIB's Governors emphasise Nordic-Baltic regional
Nordic Investment Bank (NIB):
The Board of Governors of the Nordic Investment Bank (NIB) held its third annual meeting on 30 May in Oslo, Norway, under the Chairmanship of Ms Mari Kiviniemi, Minister of Public Administration and Local Government of Finland. At the meeting, the Board of Governors approved NIB's Annual Accounts for 2006. NIB's member countries will receive EUR 50 million as dividends for 2006.
The NIB Governors emphasised the critical role of regional cooperation between the Nordic and Baltic countries in enhancing competitiveness and supporting the environment in the Nordic and Baltic Sea region. The Governors discussed key areas for possible cooperation, such as: energy, transport and logistics, aswell as the financing of innovations. The Governors:
* underscored that NIB's knowledge and experience makes it uniquely well placed to become the International Financial Institution for the Nordic and Baltic Sea region;
* invited NIB to propose measures for the Bank to play a more prominent role in bringing economic, ecological and social benefits to its member countries and to the entire region, and
* asked the Bank to assess the need for broadening its set of financing instruments, and opportunities to strengthen cooperation with other major international financiers in the region, i.a. the European Investment Bankand the European Bank for Reconstruction and Development, as well as the EU.
The Board of Governors, in which the member countries are represented at the ministerial level, appointed the Governor for Estonia, Ivari Padar, Minister of Finance, as its Chairman for the period 1 June 2007 to 31 May 2008.
NIB's Financial Statements for 2006 are available at:
About Nordic Investment Bank (NIB)
NIB is a multilateral financial institution owned by eight member
countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway
and Sweden. The Bank finances private and public projects in and outside
the member countries. NIB has the highest possible credit rating,
AAA/Aaa, with the leading rating agencies Standard & Poor's and Moody's.
Mr Johnny Åkerholm, President
and CEO, at +358 9 18001,
or Mr Dimitrijs Alehins, Communications Officer
at +358 9 180 0296
or +358 40 533 8779
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