International Bank for Rural Industrialization (IBRI)

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History

to be set up in Luxembourg within the framework of International Agency for Rural Industrialization (INARI), which sponsors the holding company.

Aims

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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Activities

Expected to: operate export credit guarantee and insurance scheme; provide special expertise in the project finance area, creditor deposits including syndication of medium and long term funds through national and international capital markets; mobilize venture capital. For small and medium-sized enterprises, will: make foreign exchange available for producing, processing or manufacturing of exportable goods; provide financial assistance in establishing SMEs in production and service sectors and for rehabilitation and expansion of existing enterprises. The IBRI in Luxembourg (Luxembourg) and Lagos (Nigeria) will carry out classical banking roles while the IFRI subsidiaries will canvas for IBRI customers, promote project and equity financing and other non-bank allied financial management portfolios. The IFRI will promote, organize, finance and manage every type of industrial project, seeking out joint venture partners. It will also arrange and participate in counter trade agreements.

The following international merchant banks or non-bank financial institutions to be set up as per fiscal policies of host countries:

 • International Fund for Rural Industrialization, Lomé (FIIR); International Bank for Rural Industrialization, Lagos (IBBRI-Nig); International Fund for Rural Industrialization, Caracas (IFRI); International Fund for Rural Industrialization, Kingston (IFRI); International Fund for Rural Industrialization, Lagos (IFRI); International Fund for Rural Industrialization, Delhi (IFRI); International Fund for Rural Industrialization, New York NY (IFRI); International Fund for Rural Industrialization, Riyadh (IFRI); International Fund for Rural Industrialization, United Arab Emirates (IFRI).

Structure

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Financing

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Relations with Inter-Governmental Organizations

Relations with 6 inter-governmental organizations.
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Members

Members in 0 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Amenities
    • Rural
  • Commerce
    • Finance
    • Banking
    • Investment
    • Credit
    • Trade
  • Industry
    • Industry

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 9: Industry, Innovation and InfrastructureGOAL 12: Responsible Consumption and Production

UIA Org ID

F5212

Last News Received

27. Aug 1993
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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