News

The International Bank for Economic Co-operation has entered into a Cooperation Agreement with the Russian Agency of Technological Development. On the part of IBEC, the document was signed by the Chairman of the Board Denis Ivanov and Member of the Board Peter Osvald, on the part of the Agency- by the General Director Sergey Zinchenko. The Agreement provides for joint support for initiatives creating and promoting advanced technologies, cooperation in improving the availability of financial and administrative resources for the implementation of investment projects in Russia and the Bank's member states, and partnership in the information and analytical field. Among the priority sectors for cooperation are engineering, pharmaceuticals, energy, petrochemistry, biotechnology, telecommunications, and the agro-industrial sector.

Denis Ivanov, Chairman of the Board of International Bank for Economic Co-operation, took part in the round table discussion “On the role of development institutions in the context of global financial uncertainty”. The event was held under the auspices of the IBEC’s historical partner, International Investment Bank (IIB), and was attended by representatives of international and national development institutions, the diplomatic corps, Russian ministries and departments, expert community, and media. The meeting was opened by Deputy Finance Minister of the Russian Federation, head of the Russian delegation to the IBEC Council, Sergey Storchak. In his speech, he focused on increasing uncertainty in the global financial system and the institutional mechanisms for its reduction.

The Chairman of the Board of International Bank for Economic Co-operation, Denis Ivanov, met with the Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation, Mr. Dulamsuren Davaa. From the Mongolian side, the negotiations were also attended by the Adviser-envoy Damdingiyn Galsandondog and the Adviser, Head of Trade and Economic Department of the Embassy, Delgertsetseg Unubilegt.

International Bank for Economic Co-operation acted as a partner in the export program for the export of Polish pharmaceutical products. IBEC confirmed the standby letter of credit issued by Alfa-Bank CJSC, Belarus. The beneficiary of the transaction is the largest Polish company operating in the pharmaceutical field.