On 2 November 2016, NIB hosted a seminar titled “Financing the Future” to celebrate its 40th anniversary. The event was held in connection with the annual session of the Nordic Council at Christiansborg Palace in Copenhagen, the seat of the Danish Parliament.

The seminar gathered around 140 participants, including state officials and representatives of the business community in the Nordic and Baltic countries.

Finland’s Prime Minister Juha Sipilä opened the seminar and underlined the role of NIB for the region.

“NIB is not only a child of Nordic co-operation; today, it is also the most tangible institution of Nordic-Baltic co-operation”, the Finnish Prime Minister said.

Henrik Normann, NIB President & CEO, followed with an address entitled “Is there a future worth financing?”, highlighting both positive and negative trends in the developments of recent years in Europe.

“In a well-governed, transparent region with innovative economies, there is a future worth financing. But progress is not automatic. We need to create strong growth and NIB has the ‘patient capital’ needed to make it happen”, Mr. Normann concluded.

The keynote speech on the role of innovation policy in shaping and creating markets was delivered by Mariana Mazzucato, Professor in the Economics of Innovation at the University of Sussex.

The seminar programme was closed by Latvia’s Minister of Finance, Dana Reizniece-Ozola. She commended the Bank’s commitment to support sustainable investments.

“Innovative services, innovation in technology, even innovation in regulatory approach will increase availability of credit for borrowers and create new and less costly equity, thus financing the future”, said Ms Reizniece-Ozola.

Read more about the seminar.