International Investment Bank (IIB)
Banque internationale d'investissements
Internationale Investitionsbank
Mezdunarodnyj Investicionnyj Bank (MIB)
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Founded
1970-07-10 Moscow USSR
History
10 Jul 1970, Moscow (USSR). Commenced activities on 1 Jan 1971. Membership of the German Democratic Republic lost validity from 3 Oct 1990, due to discontinuance of its existence as a subject of international law. Maintained regular relations in related fields of interest with H-XC0432 - Council for Mutual Economic Assistance (CMEA) until dissolution of the Council in 1991, when mass default on debt meant the Bank effectively ceased operations. By decision of the Supervisory Board, limited operations recommenced in 1996, so as to cover operating costs. Following decision by the Russian government, summer 2002, to make good on its debt, IIB is expected to recommence full operations during 2004.
Aims
Support economies of member states through direct project financing as well as through financial intermediaries.
Activities
Available with paid subscription only.Structure
Council; Board.
Languages
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Available with paid subscription only.UN Sustainable Development Goals **
UIA Org ID
XF3912
** UN SDGs are linked to the subject classification.
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