International Investment Bank (IIB)
Last updated on 05 Mar 2024
Key facts
The IIB is a multilateral institution for development that promotes social and economic development, prosperity, and economic cooperation between its member states.
PUBLIC
1970
Credit rating (Fitch)
BBB
Foreign currency
Products
- IIB provides targeted financing to intermediaries from financial institutions for the purpose of on-lending to SMEs and public sector companies
- The IIB finances investment projects in IIB member states, particularly in:
- Integration projects implemented in partnership with several member states, thus promoting the growth of mutual investments, as well as the expansion of export-import operations
- Infrastructure projects of high social/economic importance for members
- IIB can issue bank guarantees and letters of credit for the support of investment projects and export-import operations
- Trade Finance Support Program (TFSP): This program aims to support SMEs as well as the financing of socially significant infrastructure projects
- Irrevocable reimbursement undertakings (IRUs)
- Guarantees/standby letters of credit (SBLCs)
- Counter-guarantees
- Revolving credit facility
- Investments in equity and investment funds
Policies
- Member states: Cuba, Mongolia, Russia, and Vietnam
- IIB is explicitly excluded from the list of financial institutions to which restrictive measures of the Council of the European Union are applied
- The terms and conditions for a financing are determined on a case-by-case basis, based on the purpose of provision of financing, type of financing, contracting parties, transaction structure, and collateral
- IIB does not tolerate any actions aimed at money laundering, terrorism financing, corruption, or fraud, neither in its own operations nor on the part of its employees or counterparts
- Priority sectors are SMEs, innovation and new technologies, trade and economic cooperation, resource conservation, energy efficiency, and clean technologies
