A landmark study to be released by IMF
Infrastructure is a key foundation stone and a powerful driver of economic growth and resilience. The Three Seas Initiative (3SI) was launched by twelve EU member states situated between the Baltic, Black, and Adriatic Seas to accelerate the development of cross-border energy, transport, and digital networks. On 19 October, Tallinn will host the next Three Seas Summit convening top leaders from Europe and the United States.
Successful execution of Three Seas Initiative addresses a 1.16 trillion euro regional infrastructure deficit, a legacy of Soviet occupation of Central and Eastern Europe, and will expand the linkages between Three Seas participating states and between the region and the rest of Europe. Toward these ends, a commercially-managed Three Seas Initiative Investment Fund was launched earlier this year to invest in the region’s cross-border projects, and the United States has pledged to invest up to $1 billion in the fund and Three Seas energy projects.
The International Monetary Fund will soon release a landmark study, Infrastructure in Central, Eastern, and Southeastern Europe: Benchmarking, Macroeconomic Impact, and Policy Issues, that examines the region's infrastructure gaps and assesses the potential returns of infrastructure investment. The report articulates policies that can help countries and regions maximize the benefits of infrastructure investment.
In the run up to the 19 October Three Seas Virtual Summit and Web Forum hosted by the President of Estonia in Tallinn, the Atlantic Council will host a discussion on 28 September on this important IMF report, the Three Seas Initiative, and the opportunities the region’s economic vitality presents for investment.
More information about the event can be found here.
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The Three Seas Initiative (3SI) has become one of the topics during the World Economic Forum in Davos, Switzerland, attracting speakers and audience on current matters of development of the Three Seas region. From 22 to 25 May 2022, in six noteworthy panels, discussions are focusing on the Three Seas region’s energy transformation, commercial potentials, international investments, new age infrastructure, financial potentials and possible digital revolution.