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Programme of the IBEC's Co-operation with Member States

The IBEC’s key purpose is to promote economic cooperation with and development of economies of Bank’s member countries.

In this respect, taking into account interests of each IBEC’s member country, the Bank has developed country strategies with specification of priority development directions.

The IBEC’s 2012-2016 general directions of international cooperation development with all Bank’s member countries are:

1) Development of cooperation with Bank’s partners from IBEC’s member countries

In this direction, the Bank intends to:

  • study economic interests of Bank’s member countries;
  • implement in practice IBEC’s existing cooperation agreements with economic and financial institutions of Bank’s member countries and expand IBEC’s partnership from among these institutions;
  • establish and develop relations with international development banks and other international organizations operating in IBEC’s member countries for purposes of consideration of any possible participation in projects affecting IBEC’s member countries, exchange information of interest, expand the Bank’s correspondent bank portfolio;
  • determine IBEC’s potential lines of business in markets of IBEC’s member countries through infrastructure of economic and financial institutions with which the IBEC has respective arrangements.

2) Development of cooperation with Bank’s clients from IBEC’s member countries

In this direction, the Bank intends to:

  • further develop and expand lending activity for purposes of development of economies of IBEC’s member countries, including to participate in financing of projects supported by governmental authorities of IBEC’s member countries or in which development they are interested;
  • deliver cash and settlement services to economic entities of IBEC’s member countries, including management and performance of settlements under projects and programs contemplated by inter intercountry and intergovernmental agreements;
  • finance and provide guarantees under export/import operations, deliver settlement and credit services to joint ventures;
  • take measures with a view to perfect and establish new business contacts with clients from IBEC’s member countries based on new technologies and demanded banking products and services;
  • develop measures intended to increase appeal of Bank’s services with account to client demand of IBEC’s member countries for high quality comprehensive banking servicing;
  • perfect own infrastructure for banking operations and develop business cooperation with correspondent banks from IBEC’s member countries, establish correspondent relations with new banking institutions from IBEC’s member countries for purposes of development of IBEC’s correspondent network and optimization of banking settlements;
  • study demand of clients and counteragents from IBEC’s member countries for Bank’s consulting, informational and analytical services;
  • deliver services to clients from IBEC’s member countries within the framework of public private partnership.