The International Investment Bank (IIB) and the Central Bank of Cuba (CBC) today signed the Agreement on Cooperation in Organising Financing. The document confirms a special status of the IIB as a global development finance institution represented on three continents and the only multilateral development bank with Cuba as a full member. The signing ceremony took place during the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, associated with the 105th IIB Council…  Read more

The International Investment Bank (IIB) intends to participate in the turnkey construction project of a PET (positron emission tomography) medical centre with the head office in Novosibirsk and branches in Tomsk, Kemerovo and Altai regions. Today, during the meeting of the Hungarian-Russian Intergovernmental Commission on Economic Cooperation in Budapest, the Chairman of the IIB Board, Nikolay Kosov, signed a trilateral memorandum outlining intentions to cooperate in relation to the…  Read more

The International Investment Bank (IIB) and the Ministry of Foreign Affairs and Trade of Hungary today signed a Memorandum of Understanding aimed at mutually beneficial cooperation of the parties and the development of the country's relations with this multilateral development institution. The signing ceremony with the participation of the Chairman of the IIB Board, Nikolay Kosov, and the Minister of Foreign Affairs and Trade of Hungary, Peter Szijjarto, took place in Budapest during the meeting…  Read more

On December 3-4, 2015, the highest governing authority of the International Investment Bank, the IIB Council, held its 104th meeting in Hanoi, Vietnam. The meeting marked the formal completion of IIB’s institutional reform, which started in 2012 – after their signing by the Czech Republic, all member states of the Bank have now adopted the new statutory documents, which will come into force after their ratification by all members, already finalized by Hungary. The underlying theme of the…  Read more

The highest governing authority of the International Investment Bank, the IIB Council, held its 103rd meeting — this time in Ulaanbaatar, Mongolia on June 4−5, 2015. Mongolia is not only an important shareholder and a founding member of the Bank, holding one of the nine votes in the Council and accounting for 20% of its loan portfolio at the end of May, but it is also one of two Asian member countries,…  Read more