International Investment Bank is a multilateral development institution that aims to facilitate connectivity and integration between the economies of the Bank’s member states in order to ensure sustainable and inclusive growth and the competitiveness of national economies, backed by the existing historical ties.
The Bank was established and operates as an international organisation based on the intergovernmental Agreement Establishing the International Investment Bank dated 10 July 1970, registered with the United Nations Secretariat on 1 December 1971 under number 11417, as amended and restated from time to time, together with the Bank’s Charter, which is an integral part of the Agreement. The Agreement Establishing the IIB is an international treaty.
The IIB’s authorised capital amounts to EUR 2 billion.
The Bank’s member states are the Republic of Cuba, Mongolia, the Russian Federation and the Socialist Republic of Vietnam.
The Bank’s headquarters are located in Budapest, Hungary.
IIB specialises in medium- and long-term financing of projects aimed at supporting the economic development of its member states and that would have a significant positive social, economic and environmental impact. The Bank offers direct financing and provides loans in partnership with other financial institutions as well as through partner banks.
The Board of Governors is the Bank’s supreme governing body, consisting of representatives from the IIB’s member states. The Board of Directors is responsible for the general management of the Bank’s operations. The Bank’s executive body is the Management Board, whose members are appointed by the Board of Governors. The Bank’s activities are controlled by the Audit Committee, which is made up of representatives from the IIB’s member states appointed by the Board of Governors. The Bank’s financial statements are confirmed by a semi-annual compliance audit review and an annual audit.
As an international organisation, the Bank is not subject to national banking and other regulations; it enjoys immunities and privileges determined by the Agreement Establishing the IIB and corresponding agreements with its member states.