News by tag: Council

New opportunities in Hungary – IIB and Hungary’s Ministry of Foreign Affairs sign Memorandum of Understanding

New opportunities in Hungary – IIB and Hungary’s Ministry of Foreign Affairs sign Memorandum of Understanding

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
IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

IIB wraps up “the Year of Asia” – the 104th Council Meeting of the Bank in Vietnam concluded, followed by an international business forum

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
103rd IIB Council Meeting successfully concluded in Ulaanbaatar

103rd IIB Council Meeting successfully concluded in Ulaanbaatar

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
Outcomes of the IIB Summit in Sofia (addition)

Outcomes of the IIB Summit in Sofia (addition)

Hungary which was admitted to membership of the International Investment Bank during the 102nd meeting of the Council in Sofia simultaneously acceded to the Protocol on the Amendments to the Agreement Establishing the IIB and its Statutes. The document was signed by the Minister for National Economy Mihály Varga and presented to the members of the Council. Renewing the Bank’s statutory documents is a core element of the…  Read more
International Investment Bank – new aspects of development

International Investment Bank – new aspects of development

The 102nd meeting of the Council of the International Investment Bank, the highest authority of the Bank’s administration, took place in the capital of the Republic of Bulgaria, Sofia. The delegations of the member states approved key future-oriented decisions: on the Hungary’s admission to the IIB’s membership and the opening of the IIB’s European office in Bratislava. Although the Bank was losing its members…  Read more