News

The International Bank for Economic Co-operation is expanding the geography of trade finance operations to support the foreign trade of its member states.

Changes in the work of the vast majority of companies and institutions are becoming more persistent and long-lasting. In the face of continuing uncertainty on the timing of the final overcome of the pandemic, the business community begins a dialogue on a new format of cooperation, new models and standards of business communications.

International Bank for Economic Co-operation has implemented another deal to support Russian non-oil exports. A contract for the supply of Russian chemical products worth 0.8 million euro with a loan term of 6 months to Belarus was financed in partnership with Belagroprombank OJSC, one of the key East European partners of IBEC.

International Bank for Economic Co-operation in partnership with the Development Bank of the Republic of Belarus (BRRB) has implemented a new project to support foreign trade operations. The transaction in the form of a trade credit in the amount of 4 million euro ensured the supply of Belarusian special vehicles, produced to extinguish fires and conduct rescue operations, to Mongolia. Engines are delivered complete with fire-fighting and rescue equipment. The social value of the contract meets the statutory objectives of IBEC in the development of both public infrastructure in member states and foreign trade in the territory of the Bank’s presence.