International Relations Department
- Conducts analysis of EU and IFI policy
- Cooperates with the European Central Bank, international institutions and other national central banks
- Carries out preparatory work for ECB, EU and IFI meetings
- Organises international events at the Bank of Lithuania and coordinates the Board’s activities at the international level
Vilė Urbonienė, Director of the International Relations Department
The mission of the International Relations Department is to develop relations between the Bank of Lithuania and international institutions, ensuring its active and effective involvement in the decision-making processes of the European Union (EU) and international financial institutions (IFIs).
The Department carries out analysis of EU and IFI policies, assesses the international economic environment and economic developments in countries relevant to Lithuania. We make sure that the Board of the Bank of Lithuania is well prepared for international events and meetings.
In developing and implementing the international relations policy of the Bank of Lithuania, the Department maintains close relations and exchanges information with EU and international institutions as well as other national central banks. Together with the Ministry of Finance of the Republic of Lithuania, we organise economic consultations with the International Monetary Fund (IMF) in Lithuania.
The Department is also responsible for ensuring proper involvement of the Bank of Lithuania in ECB, EU and IFI decision-making processes. It initiates and prepares Bank of Lithuania positions concerning issues tackled at EU and international level.
Seeking adequate representation of Lithuania’s interests in the IMF, the Republic of Lithuania became part of the Nordic-Baltic Constituency. In preparing and coordinating the Constituency’s positions as well as positions on relevant EU issues, the Bank of Lithuania is represented by the International Relations Department.
The Department holds international events at the Bank of Lithuania, organises receptions for high-ranking guests. We also arrange working and international meetings of the Board of the Bank of Lithuania, plan their meeting agenda and organise the Board meetings.