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Andris Vilks

Member of The Council of the Bank of Latvia

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Andris Vilks recently joined The Council of the Bank of Latvia. From 2016-2020 he was the Executive Director for the European Investment Bank and on the Board of Directors at the European Bank for Reconstruction and Development (EBRD). He served as the former Minister of Finance for the Republic of Latvia (2010-2014) in three consecutive governments. During his time at the office of the Ministry of Finance, his main achievements include the successful conclusion of the Stand-by agreement with IMF, EC and WBG; implementation of the fiscal discipline framework in state legislation; the successful return to the global financial market; the smooth introduction process of the Euro in Latvia; state-owned commercial bank restructuring; and the introduction of a tax policy strategy with the goal of decreasing revenue inequality.

 

In 2012 he was awarded best Finance Minister in Europe by The Banker (Financial Times Group). Before becoming Member of the 10th Parliament in 2010, Mr. Vilks held different positions with SEB Bank from 1995, including Economic Advisor to President and Chief Economist.


Mr Vilks has also served as Vice-Chair of the Board of Governors of the EBRD (2013-2014), as well as Economic and Financial Advisor to the Prime Minister Valdis Dombrovskis (2009-2010), and Prime Minister Ivars Godmanis (2008-2009). He was also a member of the Macroeconomic Situation Stabilisation Group established by the Government of Latvia during 2007-2008.