The Council of Europe Development Bank (CEB) has approved a € 100 million loan to support the Lithuanian government’s response to COVID-19 and a € 21.5 million loan to Kauno Autobusai, the public transport company in Kaunas City Municipality, for investments in sustainable mobility.

The financing approved in support of the Government’s COVID-19 response plan will cover the purchase of personal protective equipment, reagents, medical equipment, and consumables, for the use of healthcare workers and the benefit of people seeking treatment. CEB financing may also finance the acquisition and lease of computers for socially disadvantaged pupils who do not have access to remote learning. The loan builds on and doubles the financing made available by the CEB in April 2020 to enable the Government to adequately respond to the COVID-19 pandemic.