Consultations in Bratislava
The delegation of the IIB visited the European capitals of its member states. During the meeting with the management of the Ministry of Finance of the Slovak Republic, which took place on April 3, the focus of attention were the issues of the current agenda of the IIB- the planned bond placement, the current condition of the loan portfolio and plans for further development of the operations in the member states.
The Chairman of the Board of IIB Nikolay Kosov thanked the Slovak delegation represented by its head, the State Secretary of the Ministry of Finance of the Slovak Republic Vazil Hudak for his active participation and support of the Bank. The Slovak Republic was one of the first member state to perform its obligations in the terms of the recapitalization of the Bank.
There was considerable discussion of the issues concerning the preparation and the
realization of the meeting of the Council of the Bank in Havana on May 8, 2014,
on which the Slovak delegation will preside over. The key issues of the agenda
of the up-coming meeting of the Council will be the signing of the Protocol of the amendments of the constituent documents of the IIB, the discussion of practical
actions for maintaining and improving the Bank’s credit rating.
meeting, there was a presentation of the investment fund, created by the
Ministry of Finance of the Slovak Republic to support the small and medium
businesses and infrastructure projects on the territory of the Slovak Republic.
noted that such projects correspond to the strategy of the development of the IIB
which stipulates the participation of the Bank in the capital of the investment
funds to support the national economies of the member states and the development
of the trade and economic cooperation between them. The IIB envisages with interest
the opportunity of the participation in the fund which is being created. The parties have agreed on the elaboration of the prospects and
conditions of the IIB’s participation in the fund at the expert level.