BSTDB Delegation Participated in the International Investment Bank (IIB) Council Jubilee Session
News | 06-Dec-2013
A BSTDB delegation headed by President Kondakov participated in the 100th session of the Council of the International Investment Bank (IIB) in Moscow. Other invited international financial institutions and development banks included the European Investment Bank, the International Finance Corporation, the European Bank for Reconstruction and Development, the Nordic Investment Bank, the Eurasian Development Bank, KfW and Vnesheconombank.
President Kondakov exchanged views with IIB Chairman Kosov on the development of a mutually beneficial agenda of strategic cooperation between the two banks.
BSTDB welcomed the investment grade rating recently assigned to IIB by Fitch Ratings and reiterated support to IIB’s restructuring process aimed to increase IIB’s role in promoting development in member countries.
BSTDB and IIB have three common countries of operations – Bulgaria, Romania and Russia. IIB enjoys Observer status with BSTDB since 2009.