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One of the key achievements of the Bank in 2024 was the assignment of the highest ‘AAA’ issuer credit rating on the national scale with a stable outlook by Chengxin International Credit Rating (CCXI).
In 2024 the IBEC Board made a major step towards implementing best practices supporting the Bank’s mission as a development institution, and approved the Sustainability Assessment Framework developed in line with the ICC Principles for Sustainable Trade. This Framework was awarded first place in the Corporate Governance category at the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) award ceremony which took place during the 48th Annual Meeting of the Association in Oman.
Over the past two years the Bank has worked in close collaboration with the shareholders to review and update its statutory documents, with a particular focus on modernizing its corporate governance model. This process has culminated in the preliminary approval of a new target model for the Bank’s corporate governance. The updated approach sets out key directions and principles for revising the Bank’s constituent documents, aligning them with IBEC’s strategic mission, long-term development goals, and international best practices in the field of development banking.
The member country delegations noted the positive dynamics in the Bank’s development and expressed their support for the efforts made by the IBEC team for the benefit of all shareholders.
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