Lithuania asks World Bank to reclassify Baltic states as developed countries

Lithuania’s Finance Minister Rimantas Šadžius has once again called upon the World Bank’s president to upgrade the status of the three Baltic states in this institution from emerging to developed countries.

Since the restoration of independence in the early 1990s, the World Bank had been a steady and important supporter of the efforts made by Lithuania, Latvia and Estonia in order to reorganize and strengthen the region in economic and political terms, the minister said at a meeting in Helsinki on Wednesday.

Read more from Delfi.lt

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