Special Fund to Finance Programmes for Rendering Economic and Technical Assistance to Developing Countries

Fonds spécial pour l'octroi des crédits d'assistance économique et technique aux pays en développement
Specialnyj Fond Kreditovanija Meroprijatij po Okazaniju Ekonomiceskogo i Tehniceskogo Sodejstvija Razvivajuscimsia Stranam

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History

11 Apr 1973, Moscow (USSR), on signature of an Agreement between International Investment Bank (IIB) and member countries.

Aims

Develop national economies of developing states, strengthen their economic independence and promote steady foreign economic relations of Fund member countries with those states, the Fund not preventing direct bilateral and multilateral financial and other business relations between Fund member countries and developing states.

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Activities

IIB grants loans from the Fund to central and other banks, enterprises and economic organizations in public and cooperative sectors and, in certain cases, to private firms and organizations, for construction of new enterprises and reconstruction and modernization of existing enterprises, in industry, agriculture and other branches of the economy.

Structure

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Financing

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Members

Members in 8 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Finance
    • Funds
  • Economics
    • Economic
  • Technology
    • Technical
  • Development
    • Assistance

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

F2552

Last News Received

6. Jun 1990
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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