The new year 2010 is the 40th anniversary of the International Investment Bank. Founded in 1970, IIB is evolving into a modern international bank for development. While committed to the best interests of the Member Countries, IIB focuses its development on upgrading the bilateral economic relationships built up over decades between its members to a new quality level.

The International Investment Bank’s objectives are: development of an efficient structure to support investment projects in Member Countries and in areas of their economic interests, and involvement in syndicated funding of major international projects. IIB wields cutting-edge financing tools backed by experienced and highly professional staff and time-proven practices. The bank pays special attention to socially challenging and innovative projects in industries instrumental to the economic growth of its Member Countries.

The key development areas of the International Investment Bank as a full-fledged regional development institution were approved by the Council of the Bank at its meeting held in November 2009 where delegations from Member Countries addressed the Bank’s development outlooks in an efficient and committed manner. The Council approved new approaches to enhance the Bank’s performance, bring management processes in line with the best practices of major global debt houses subject to the special status of IIB as an international financial organization.

In assessing sophisticated risks inherent to banking at this stage, IIB follows the conservative approach set out in the Key Principles of Risk Management Policy adopted by the Council of the Bank. The Bank focuses on prudency and asset safety, which is of major importance in the context of the global financial crisis. The Bank primarily focuses its efforts on enhancing the management risk systems and bringing lending and treasury standards and processes in line with the best international practices.

Guided by the principle of prudent conservatism, the International Investment Bank is intending to expand its loan and investment portfolios with an aim to both provide efficient support to significant economic initiatives by private and public businesses in its Member Countries, and secure a robust return on investment. Important and challenging tasks assigned to the Board of the Bank are being implemented in close contact with the Council of the Bank, its key management structure, and based on efficient communications with delegates of the Member Countries and their relevant government agencies.

The Board of the Bank highly appreciates the efforts of the Bank’s Member Countries and expresses its gratitude to all its partners for mutually beneficial relationships. In this fortieth anniversary of the International Investment Bank, we firmly believe that our shared understanding of strategic goals and solutions will allow us to look with confidence and optimism towards the future.

The Board of the International Investment Bank