International Bank for Economic Cooperation

E530082

The International Bank for Economic Cooperation is a multilateral financial institution founded by socialist countries to facilitate trade and economic collaboration, historically using the transferable ruble as a clearing currency.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf international financial institution ⓘ
multilateral development bank ⓘ
alsoKnownAs MBES ⓘ
Mezhdunarodny bank ekonomicheskogo sotrudnichestva ⓘ
country Russia ⓘ
currencyNowUsed US dollar ⓘ
euro ⓘ
foundedBy Council for Mutual Economic Assistance ⓘ
socialist countries ⓘ
governedBy intergovernmental agreement ⓘ
hasGoverningBody Board of Management ⓘ
Council of the Bank ⓘ
hasMember Bulgaria ⓘ
Cuba ⓘ
Czech Republic ⓘ
Mongolia ⓘ
Romania ⓘ
Russia ⓘ
Slovakia ⓘ
Vietnam ⓘ
linked to: Viet Nam
hasOfficialLanguage English ⓘ
Russian ⓘ
hasSector banking ⓘ
development finance ⓘ
export credit ⓘ
hasService documentary operations ⓘ
guarantees ⓘ
syndicated loans ⓘ
trade finance ⓘ
headquartersLocation Moscow ⓘ
inception 1963 ⓘ
legalForm interstate bank ⓘ
memberOf CMEA system ⓘ
operatesIn export–import operations ⓘ
international trade finance ⓘ
project finance ⓘ
originalPurpose economic cooperation among socialist countries ⓘ
facilitation of trade among member countries ⓘ
predecessor CMEA clearing arrangements ⓘ
regionServed Central and Eastern Europe ⓘ
Eurasia ⓘ
former socialist countries ⓘ
shortName IBEC ⓘ
supervision member states governments ⓘ
usedAs clearing bank for transferable ruble ⓘ
usedCurrency transferable ruble ⓘ
website https://www.ibec.int ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

transferable ruble → clearingBank → International Bank for Economic Cooperation ⓘ
Staatsbank der DDR → partOf → Comecon financial system ⓘ
linked to: International Bank for Economic Cooperation
International Bank for Economic Cooperation → alsoKnownAs → Mezhdunarodny bank ekonomicheskogo sotrudnichestva ⓘ
linked to: International Bank for Economic Cooperation