Meeting in the Government of the Czech Republic
The Chairman of the Board of the IIB Nikolay Kosov continuing his central European trip visited
Prague, where on April 4th he met with the first Vice-Premier of the Government and the Minister of Finance of the Czech Republic Andrej Babiš.
In the course of the discussion the newly appointed Minister was briefed on the history of the IIB,
the current situation in the Bank, with the period of the intensive reformations
which helped the Bank to get through the continuous stagnation.
emphasized that at the present time the Bank is working on the principles of the
modern international institution for development, exercises the potential of its first received international investment credit rating, and increases its
resource base with the aim of the expansion of the operations in the member states.
the up-coming session of the Governing Board there was a highlight on the
importance of the support of the shareholders, and the Czech Republic is the
second largest member of the Bank, the pace of the development in the context
of both the qualitative and quantitative indicators.
Also there was a detailed discussion about the differences of the international development
banks from the activities of the commercial and other business structures. The
attention was drawn to the additional opportunities which the status of a multilateral development bank offers to finance long-term projects and programs
and contribution to sustainable development.
According to Andrej Babiš, who
previously hadn’t worked with the IIB, the discussion was fruitful, including in terms of framing more precise approaches of the Czech Republic to its
participation in the IIB as a supranational institution for development. The
parties agreed to continue to contact. In order for the Czech party to be more
meaningfully prepared to the 101st meeting of the Council of the
Bank, Nikolay Kosov has sent to Prague his Deputy Chairman Jiri Bobrek.