International Bank for Rural Industrialization (IBRI)
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to be set up in Luxembourg within the framework of H-XD6350 - International Agency for Rural Industrialization (INARI), which sponsors the holding company.
Establish a commercially viable mechanism for financing South-South trade in non-traditional exports and for galvanizing North-South financial cooperation especially provision of foreign exchange facilities for these ventures; act as an economic stimulant for the development of rural communities in the Third World, correcting inadequacies in provision of medium- to long-term financing and facilitating mobilization of investment finance and other financial resources for local and foreign exchange components of small and medium scale rural industrial enterprises, especially in manufacturing, agro-allied enterprises and ancillary services; provide medium- to long-term loans to viable small and medium scale enterprises to encourage acceleration of productive activities; work out modalities for disbursing and ensuring recovery of loans and interest; act as executing agency in projects in which IBRI or IFRI has financial investments; take equity in such projects so as to ensure their viability and efficient management; promote international commerce and facilitate importers and exporters in increasing their existing market share and developing new markets.
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Governing Council or Board, comprising international financiers, influential foundation shareholders, foundation promoters, Managing Directors of IBRI affiliate banks and IFRI world-wide; representatives of international development banks; representatives of INARI. Components: Corporate Banking; Foreign Exchange Facilities; Export Services; Corporate Finance.
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UN Sustainable Development Goals **
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