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IBEC contributes to the development of transport infrastructure in Mongolia

07
Aug
2023

The International Bank for Economic Co-operation continues to support Mongolia's export-import operations through its trade finance operations. In cooperation with the Trade and Development Bank (TDB), IBEC financed the import of freight wagons.

IBEC provided a number of trade-related loans totaling EUR 12.4 million for up to one year. The proceeds were used by TDB to purchase Russian-made freight cars from suppliers in the CIS and Europe.

Following the completion of this project, TDB supported the goals of the "New Recovery Policy" adopted by the Government of Mongolia to boost exports, enhance freight movement and establish the necessary framework for becoming a transit country in the future.

Thus, IBEC, in cooperation with its long-standing partner TDB, continues to implement trade finance operations aimed at supporting the economy in general and socially and economically significant sectors in particular. The implementation of this project is aimed at increasing imports, supporting Mongolia's foreign trade, as well as developing transport infrastructure by increasing the fleet of railway cars.

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IBEC guarantees promote Russian-Uzbek trade
29.09.2020
International Bank for Economic Co-operation has supported the export of Russian industrial products to Uzbekistan. The guarantee in the amount of USD 5 million was issued in favor of CREDIT BANK OF MOSCOW (RF) on&n...
Business Discussions with the Deputy Prime Minister of Bulgaria
Business Discussions with the Deputy Prime Minister of Bulgaria
11.09.2020
IBEC delegation held a meeting with Ms. Mariyana Nikolova, Deputy Prime Minister of Bulgaria in charge of Economic and Demographic Policy and Minister of Tourism. Boyko Kotsev, member of the IBEC Board and former Ambassa...
IBEC supports export of Russian metallurgy to Uzbekistan
IBEC supports export of Russian metallurgy to Uzbekistan
02.09.2020
International Bank for Economic Co-operation takes part in the implementation of foreign trade contracts of the largest Russian exporter, Chelyabinsk Pipe Rolling Plant PJSC, providing for the supply of pipes of various nomen...
IBEC green investments
IBEC green investments
31.08.2020
International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by th...
IBEC financial statements for the 1st half of 2020
IBEC financial statements for the 1st half of 2020
27.08.2020
International Bank for Economic Co-operation has disclosed interim financial results for the 1st half of 2020 in accordance with the international reporting standards with an auditor’s conclusion based on the results of ...
IBEC supports the development of the insurance business in the markets of its member states
IBEC supports the development of the insurance business in the markets of its member states
12.08.2020
International Bank for Economic Co-operation has signed a loan agreement with the largest Bulgarian private holding company Eurohold, whose interests are focused on insurance, leasing, and financial services. A credit line with a ...
IBEC documentary instruments for Mongolia's foreign trade
IBEC documentary instruments for Mongolia's foreign trade
03.08.2020
International Bank for Economic Co-operation has completed trade finance deals with one of its committed partners — Golomt Bank (Mongolia). IBEC issued reimbursement obligations totaling USD 3.5 million....
IBEC and SHB – sustainable and mutually beneficial partnership
IBEC and SHB – sustainable and mutually beneficial partnership
28.07.2020
International Bank for Economic Co-operation continues active expansion of its trade finance portfolio. Vietnam is one of the important markets where such operations are especially in demand this year.
IBEC supports export of the Czech Republic
IBEC supports export of the Czech Republic
14.07.2020
Международный банк экономического сотрудничества предоставил средства для финансирования сделки по поставке энергетического обор...
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
06.07.2020
International Bank for Economic Co-operation has provided a targeted loan to the Ulaanbataar Railway (UBTZ) for the purchase of locomotives produced by the Russian Transmashholding JSC. Tied financing for a period of 11 ...
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