Vilius Šapoka (born 14 December 1978) is a former

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

Republic of Lithuania A republic () is a "state in which power rests with the people or their representatives; specifically a state without a monarchy" and also a "government, or system of government, of such a state." Previously, especially in the 17th and 18th c ...

Education

Šapoka obtained the degree of Master of Economics in Banking at

Vilnius University Vilnius University ( lt, Vilniaus universitetas) is a public research university, oldest in the Baltic states and in Northern Europe outside the United Kingdom (or 6th overall following foundations of Oxford, Cambridge, St. Andrews, Glasgow and ...

and has an International Executive MBA from the Baltic Management Institute.

Career

Šapoka started his professional career at the Lithuanian Savings Bank in 1999. From 2006 to 2012 he worked at the Lithuanian Securities Commission, first as Commissioner, then Vice-Chairman, and finally Chairman. Šapoka was employed at the Lithuanian

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

from 2002 to 2006 in the Market Policy Department. From 2012 to 2016 Šapoka was Financial Services and Markets Department Director at the Bank of Lithuania. Šapoka served as

of Lithuania from 13 December 2016 to 7 December 2020.

Political positions

At the beginning of his term, Šapoka announced that the government's goal was to raise tax revenues to 40 percent of gross domestic product (GDP) within five years from 30 percent, to help improve education and healthcare.

Other activities

* European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors *

European Stability Mechanism The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was ...

(ESM), Member of the Board of Governors (since 2016) *

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

(IMF), Ex-Officio Alternate Member of the Board of Governors *

Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...

(MIGA),

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Gr ...

, Ex-Officio Member of the Board of Governors *

Nordic Investment Bank The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). In 2005, the three Baltic states (Estonia, Latvia, and Lithuania) also beca ...

(NIB), Ex-Officio Member of the Board of Governors (since 2016) *

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, Ex-Officio Member of the Board of GovernorsBoard of Governors

References

21st-century Lithuanian politicians 1970 births Lithuanian people of Russian descent Living people Ministers of finance of Lithuania People from Šiauliai Politicians from Šiauliai {{Lithuania-politician-stub