Board of Directors

The Board of Directors makes policy decisions in matters that involve lending, borrowing, and administrative questions. The Board of Directors approves the financial transactions proposed by NIB’s President. The Board of Directors is responsible for the financial statements. The Board of Directors may delegate its powers to the President to the extent considered appropriate.

The Board of Directors consists of eight Directors, each of whom has one Alternate. The Directors and their Alternates are appointed by the respective member country. The Board of Directors appoints a Chairman and a Deputy Chairman from among the Directors. The chairmanship and the deputy chairmanship rotate among the member countries. The Board of Directors usually meets eight times a year.

Iceland

Director:

Esther Finnbogadóttir

Head of Division, Ministry of Finance and Economic Affairs

Alternate:

Kristinn Hjörtur Jónasson

Head of Division, Ministry of Finance and Economic Affairs

Latvia

Director:

Līga Kļaviņa

Deputy State Secretary on Financial Policy Issues, Ministry of Finance

Alternate:

Inese Sudare

Deputy Director of Financial Resources Department, The Treasury of the Republic of Latvia

Lithuania

Director:

Jurgita Uzielienė

Senior Adviser, European Union and International Affairs Department, Ministry of Finance

Alternate:

Dovilė Jasaitienė

Head of the International Affairs Division, Ministry of Finance