About IBEC
1. What makes IBEC different from other multilateral development banks?
A key feature of the Bank is its unique cash management service for MDBs, including an unlimited settlement function.

More details: https://www.ibec.int/work-with-us/corporate-clients/cash-management-services/
2. In which countries does IBEC work?
An unconditional priority for the Bank is to support economic growth and foreign trade operations of the member countries: Bulgaria, Vietnam, Mongolia, Poland, Russia, Romania, Slovakia and the Czech Republic. In addition to activities in member countries, IBEC implements transactions and projects with counterparties from other states to support export-import transactions and integration projects of member countries. In this case, the main condition is the participation in the transaction of a resident of an IBEC member country.
3. Who can become a member of the IBEC?
States that share the mission, goals and principles of the Bank's activities can join the Agreement Concerning the Organization and Activities of IBEC. Admission to the Bank is made by unanimous decision of the supreme governing body – IBEC Council.
4. Which additional opportunities for cooperation with IBEC do exist?
In order to develop long-term partnerships with states, international financial organizations, as well as other banking and financial organizations and funds, a special mechanism was established in December 2020 – Observer Status in IBEC. This status makes it possible to participate in the open part of the meetings of the IBEC Council and events organized by the Bank, including business forums, seminars and conferences. In addition, observers receive additional benefits in terms of access to Bank’s information and the development of various cooperation programs.
5. Who can become a client of IBEC?
IBEC works with corporate clients and financial institutions. The Bank provides targeted support for export-import operations in member countries by providing loans, participating in syndicated transactions, providing trade finance products and cash management services.

More details: https://www.ibec.int/work-with-us/
6. Does IBEC provide financing to small and medium-sized enterprises?
The Bank provides support to SMEs in member countries both at the system level, through lending to SME portfolios of local banks or participating in targeted syndicated loans from other development banks, and through financing directly to small businesses.

More details: https://www.ibec.int/work-with-us/corporate-clients/lending-and-syndicated-financing/
About vacancies and career at IBEC
1. If I am not a citizen of the IBEC member country, can I take part in the international job competition?
The recruitment of personnel at IBEC is carried out on the basis of an international competition held among the candidates, mainly from the member states of the Bank.

2. How long does the selection process take?
The competition lasts from the moment of opening until the conclusion of an employment contract with the final candidate, but no more than 6 months from the opening date of the competition. In practice, the closing time for a vacancy is about 4 weeks.
3. What is the composition of the Selection Board?
For vacancies at the level of the position "Manager", the Selection Board includes the Management Board of the Bank.

For vacancies at the “Specialist” position level (with no subordinate employees), the Selection Board includes:
  • Member of the Management Board in charge of the division in which the vacancy is open;
  • Head of the structural unit in which the vacancy is open;
  • Employee of the Human Resources Department.
  • 4. Which language are interviews held in?
    Interviews are usually held in Russian – the working language of the IBEC. However, in cases when the position requires the knowledge of the English language, part of the interviews (or all interviews) can be held in English.
    5. Can interviews take place remotely?
    Yes, all the interviews and other assessment procedures can be conducted remotely. However, it is necessary to have a stable high-speed Internet connection and quality equipment to ensure good audio and video communications during interviews. Typically, distance interviews are recorded to provide the best and most objective assessment of the various candidates involved in the selection.
    6. Which criteria are used when selecting candidates for vacancies?
    The Bank uses uniform criteria for evaluating and selecting Candidates, focused primarily on professional and personal competencies, qualifications and work experience. These criteria are determined by the qualification requirements set by the Bank for different levels and categories of positions, including requirements for the level of education, work experience, knowledge of foreign languages, the level of proficiency in a personal computer and others.
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