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Information about the Bank

The International Bank for Economic Co-operation (www.ibec.int) is an international intergovernmental financial institution established in 1963. The Bank operates in accordance with an international treaty registered with the United Nations.

The Bank's member countries are 8 states representing both Europe and Asia: the Republic of Bulgaria, the Socialist Republic of Vietnam, Mongolia, the Republic of Poland, the Russian Federation, Romania, the Slovak Republic and the Czech Republic.

The intergovernmental status of the Bank determines its financial stability and provides additional guarantees to its counterparties, ensures the state bodies support of the member countries.

IBEC is a multilateral development bank whose purpose is to promote economic cooperation of the economies of the Bank’s member countries, development of trade relations between enterprises and organizations of the member countries, as well as their cooperation with economic entities of other states.

The Bank has obtained investment grade ratings: long-term BBB-, with a stable outlook, and short-term F3 assigned by the international rating agency Fitch Ratings.