Internal auditors of national promotional institutions from 7 European countries share experiences at VIPA hosted event
On 26 May, internal auditors from national promotional institutions of the Three Seas Initiative (3SI) region countries visited VIPA. The visit was one of the events aimed at developing communication, sharing experiences, and insights among the institutions representing the 3JI member states.
This is the 4th and first Lithuania meeting of the cooperation network of the Three Seas institutions (banks) internal auditors. The first events were held remotely, and the third event was organised in November 2021 by the Bank Gospodarstwa Krajowego (BGK) Internal Audit Department, in Warsaw.
The meeting held in Lithuania aimed to share good practices in the preparation of internal audit reports and monitoring the implementation of recommendations. Internal auditors from Bulgaria (Bulgarian Development Bank, BDB), the Czech Republic (National Development Bank of the Czech Republic, NRB), Latvia (Altum), Poland (BGK), Romania (Eximbank), Hungary (Eximbank), and Lithuania (VIPA) shared their work practices.
Gvidas Dargužas, CEO of VIPA, noted at the opening of the event that the international cooperation in the field of internal audit, developed on the basis of the Three Seas Initiative Investment Fund, is a useful platform for sharing experience, creating added value, and applying best practices.
VIPA, representing Lithuania in the activities of the Three Seas Investment Fund, actively contributes to the development of cooperation with international partners, not only in the field of investments significant for Lithuania but also in areas relevant to the activities of national development institutions, including the organisation of internal audit activities. In the future, it is planned to continue the cooperation activities and actively contribute to the organisation of new meetings.
In 2019, the 3SI set up the investment fund aimed at investing in transport, energy, and digital infrastructure in the countries of the Three Seas Region to help bridge the development gaps between EU regions. Its important role is to complement and reinforce the use of individual countries’ capital and EU financial instruments. In 2021, VIPA committed to invest EUR 20 million in the Fund on behalf of the Government of the Republic of Lithuania.