International Bank for Economic Cooperation

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International Bank for Economic Cooperation

Also called the IBEC. A bank established to promote international development and cooperation between member states. The IBEC was founded in 1963 with the Soviet Union and several Eastern European nations as members. Other communist countries joined as well. It finances trade imbalances, takes deposits in gold and convertible currencies, and provides investment services for governments. It reformed following the fall of the Soviet Union.
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References in periodicals archive ?
IBEC collateralises loans to enhance their risk profile, essentially by taking pledges over a substantial portion of the value of its borrowers' assets.
Economy in money terms is still 6% below its pre-crisis levels DANNY MCCOY OF IBEC WARNS AGAINST PAY RISES
As the national voice of business in Ireland, IBEC represents the interests of business throughout the republic, providing a wide range of direct services to its 7,500 member companies.
Funded by low-interest Rural Broadband Access Loans from the United States Department of Agriculture Rural Development Program, IBEC aims to bring broadband Internet access to rural communities via existing power line infrastructure.
His answer to the postwar "neglect" of Latin America was to create the American International Association (AIA), a non-profit organization, and the International Basic Economy Corporation (IBEC), a company whose name was taken from the wartime program and whose seemingly quixotic purpose was to make a profit while promoting "the economic development of various parts of the world ...
Release date- 26072019 - Researchers from the University of Barcelona and the Institute for Bioengineering of Catalonia (IBEC), in collaboration with the Center of Regenerative Medicine of Barcelona (CMR[B]), have created a new platform, called CardioSlice, able to produce human cardiac tissue with pluripotent stem cells and tridimensional matrix.
London: Fitch Ratings has affirmed the International Bank for Economic Co-operation's (IBEC) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook and its Short-Term IDR at 'F3'.
Customs and certification barriers, future regulatory divergence and exchange rate volatility are among the issues of most acute concern, business group Ibec has found.
On that basis, I would advise the good people at IBeC to back at the odds currently available, because they're going to need the cash to cover for all those sick days on Monday!
The property will be developed by a joint venture between John Frezza, principal of Strategic Construction Corp., and Samy Brahimy and Hesky Brahimy, principals of IBEC Building Corporation.
Thermo King's award-winning manufacturing headquarters in Galway, Ireland, has received further recognition of their outstanding environmental achievements, with an award from IBEC (Irish Business and Employers Confederation) Environmental Excellence Awards, in the "Managing for Sustainable Development" Category.