International Bank for Economic Cooperation - IBEC

2022: Poland withdraws from bank founders

In June 2022, the President of Poland signed a law on the country's withdrawal from the founders of the International Bank for Economic Cooperation. We are talking about the denunciation of the agreement of 1963 on multilateral settlements in transferred rubles and the organization of the IBE, which the Sejm of the Republic of Poland approved at the end of May.

MBES was created in 1963. The headquarters of the bank is located in. To Moscow Its authorized capital is 400 million euros. Accounting for Russia 51.6% of the bank's paid authorized capital, Poland - 12%. IBE is an intergovernmental organization and center for servicing foreign trade of eight countries: except for Russia and Poland, these are,,,, and Bulgaria Vietnam. Mongolia Romania Slovakia Czech Republic