RuuBuc OF EsT0NIA
MiNIsTRY OF FINANcE
Ms Ilona Kotecka Fernandes
Your ref. 06.01.2025 No OPSIBSNE
European Investment Bank 3/2024-0780/P P/jw
i.koteckafernandeseib.org
Our ref. 40.02.2025 No
Government Opinion Request:
HIGHER EDUCATION AND
RESEARCH LE 11(2624-0780)
Dear Ms Kotecka Fernandes,
Thank you for informing us about the Higher education and research regional project in the
Baltic countries and Poland.
Ministry of Finance of Estonia has no objections to the proposed lending envelope as foreseen
by Article 19 (2) of the EIB’s Statute, noting that the current pipeline as reported in your
-
letter does not include any Estonian universities at present.
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However, in case of one or more Estonian universities apply for the EIB financing we need to
be informed. The reason for that is that the universities are included in the public sector budget
deficit calculations and their investment plans can impact on the overail budget outcome,
which the Government carefully manages. Therefore, we request the EIB to ask for an explicit
non-objection for every Estonian university subproject if and when it occurs.
Yours sincerely,
Secretary General
Riina Laigo +372 611 3500
Riina.Laigofin.ee
Suur-Ameerika 1/10122 Tallinn / Estonia / +372611 3558
[email protected]
www.rahandusminisleerium.ee / Reg. code: 70000272