International Bank for Economic Co-operation (IBEC) - multilateral development bank registered with the United Nations Secretariat. IBEC is aimed at promoting the growth and contributing to the development of its member states' economies. The Bank's member countries are 8 states representing both Europe and Asia: Bulgaria, Czech Republic, Mongolia, Poland, Romania, Russia, Slovakia and Vietnam. The intergovernmental status of the Bank determines its financial stability and provides additional guarantees to its counterparties. The Bank has Fitch Ratings investment grade rating: long-term BBB- (stable).