News

International Bank for Economic Co-operation in partnership with the Development Bank of the Republic of Belarus (BRRB) has implemented a new project to support foreign trade operations. The transaction in the form of a trade credit in the amount of 4 million euro ensured the supply of Belarusian special vehicles, produced to extinguish fires and conduct rescue operations, to Mongolia. Engines are delivered complete with fire-fighting and rescue equipment. The social value of the contract meets the statutory objectives of IBEC in the development of both public infrastructure in member states and foreign trade in the territory of the Bank’s presence.

International Bank for Economic Co-operation implements its mandate to support international trade despite the pandemic crisis, which has spread not only throughout the territory of the Bank’s member states but has grown into a global planetary threat. In conditions of a forced reduction in business activity, the breakdown of supply chains and production and trade relations, maintenance and financial support for existing contracts are crucial. Now the priority statutory tasks of IBEC as a multilateral development institution focused on the development of international trade have become especially relevant for the economies of all member states of the Bank, for all our partners and customers, including partners from third countries. Active promotion of a&...

Today, the whole world, all human civilization has faced a global threat that has jeopardized the usual way of life, prevailing business practices, our personal plans and social prospects. The joint efforts of political leaders, governments, business community, and international organizations are aimed at countering the pandemic, minimizing economic, social, humanitarian losses and the following early recovery of the normal functioning of our common home — planet Earth.

In March International Bank for Economic Co-operation has implemented a series of trade finance deals with the Belarusky Narodny Bank (BNB-Bank). New loans in the Belarusian direction ensure geographical diversification of business and growth of foreign trade activity in the area of IBEC presence.