Cooperation
NIB places great importance on its cooperation with other financing institutions. The Bank's aim is to create added value for its customers by supplementing other sources of finance with long-term loans and guarantees. NIB cooperates and cofinances projects with other international financial institutions and regional multilateral banks as well as with public and private sector lenders such as export credit institutions, development cooperation authorities and commercial banks. NIB belongs to the Nordic Finance Group consisting of four international financial institutions located together in Helsinki, Finland. NIB channels its financing to small and medium-sized enterprises through local intermediaries.
NIB participates actively in the Northern Dimension Environmental Partnership (NDEP). As regards environmental cooperation, NIB has also signed the declaration European principles of the environment together with four other European international financial institutions.
NIB has established cooperation with international financial institutions such as the Asian Development Bank (ADB); the African Development Bank (AfDB); the Council of Europe Development Bank (CEB); the European Bank for Reconstruction and Development (EBRD); the Inter-American Development Bank (IDB); as well as the IBRD, IDA, and IFC within the World Bank Group. Furthermore, NIB has cooperation agreements with three regional multilateral banks: the Black Sea Trade & Development Bank, the Central American Bank for Economic Integration CABEI and the Andean Development Corporation CAF. Through these institutions, NIB can operate also in countries where it has no agreement on financial cooperation.
Read more about this topic: Nordic Investment Bank
Famous quotes containing the word cooperation:
“The common erotic project of destroying women makes it possible for men to unite into a brotherhood; this project is the only firm and trustworthy groundwork for cooperation among males and all male bonding is based on it.”
—Andrea Dworkin (b. 1946)
“Psychoanalysis is an attempt to examine a person’s self-justifications. Hence it can be undertaken only with the patient’s cooperation and can succeed only when the patient has something to gain by abandoning or modifying his system of self-justification.”
—Thomas Szasz (b. 1920)
“There is, I think, no point in the philosophy of progressive education which is sounder than its emphasis upon the importance of the participation of the learner in the formation of the purposes which direct his activities in the learning process, just as there is no defect in traditional education greater than its failure to secure the active cooperation of the pupil in construction of the purposes involved in his studying.”
—John Dewey (1859–1952)