News by tag: Partnership

IIB and Russian Chamber of Commerce and Industry discussed prospects for closer cooperation

IIB and Russian Chamber of Commerce and Industry discussed prospects for closer cooperation

Chairman of the Board of the International Investment Bank (IIB), Nikolay Kosov, yesterday met at the Bank’s headquarters with the recently appointed Vice President of the Chamber of Commerce and Industry (CCI) of the Russian Federation, Vladimir Dmitriev, with IIB member states’ representatives also participating in the meeting. The parties examined the prospects for a closer cooperation between the two organisations in specific areas. During the discussion, emphasis was placed on the…  Read more
IIB joins IFC and FMO in supporting Mongolian SMEs

IIB joins IFC and FMO in supporting Mongolian SMEs

The International Investment Bank (IIB) has joined the International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO), which have organised a syndicated USD 125.5 million facility for Mongolia’s XacBank, one of the leading lenders to micro and small businesses in the country. Along with other financial institutions, they will support the development of XacBank’s loan operations, including lending to SMEs. IIB’s share in the loan with a maturity of up to 3 years…  Read more
IIB and World Bank conclude work on corporate governance

IIB and World Bank conclude work on corporate governance

Moving from intentions to tangible cooperation after signing the Memorandum of Understanding in May last year, the International Investment Bank (IIB) and the International Bank for Reconstruction and Development (IBRD) – part of the World Bank Group (WBG) – have successfully concluded the corporate governance part of the Reimbursable Advisory Services (RAS) provided by the IBRD to the reformed multilateral lender. During this phase, the IBRD has reviewed IIB’s governance system and prepared…  Read more
First joint project of IIB and BSTDB – production of dairy products in European Union

First joint project of IIB and BSTDB – production of dairy products in European Union

The International Investment Bank (IIB) has signed the first co-financing deal with its long-term partner – the Black Sea Trade and Development Bank (BSTDB). These international financial institutions have granted a EUR 50 million loan with a maturity of 7 years to the Greek group Tyras specialising in production of dairy products. IIB’s share in the total loan amount is 44% (EUR 22 million) and BSTDB’s – 56% (EUR 28 million). The BSTDB is one of IIB’s main partners among IFIs – it accepted…  Read more
Collaboration between the emerging world’s IFIs – IIB and NDB to establish a close working relationship

Collaboration between the emerging world’s IFIs – IIB and NDB to establish a close working relationship

During the week starting on April 18, representatives of the International Investment Bank (IIB) and the New Development Bank (NDB) held a series of working meetings to examine a range of areas for close cooperation between these two multilateral development institutions established by and for emerging market countries. Although on different scales, both the IIB and the NDB reflect the rising role of such countries, with the IIB driven mostly by CEE and fast-growing Asian states and the NDB set…  Read more