NIB sharpens its focus in non-member lending

The Nordic Investment Bank will intensify its cooperation with a limited number of non-member countries where there is high interest on the part of project participants and a high potential for fulfilling NIB’s mandate. The aim is to deepen relations and increase the Bank’s presence in these countries.

“We want to operate more effectively in countries and regions with the most potential for fulfilling our mandate of enhancing competitiveness and the environment and where we are able to maintain a continuous long-term presence,” says Johnny Åkerholm, NIB President and CEO. “In this way we can  develop our expertise and create more value-added for our stakeholders.”

The neighbouring area, that is, the Baltic Sea region including Poland and Russia, as well as Ukraine, will continue to be a priority area and the Bank will further develop its cooperation with some of the major emerging economies, such as Brazil, China and India.

The main lending activities of NIB are in its eight member countries (Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden). However, since the 1980s NIB has been financing projects in non-member countries and over the years, this has become a permanent part of the Bank’s activities, comprising approximately one fifth of the Bank’s lending stock.

NIB has concluded framework agreements with altogether 39 countries in Africa and the Middle East, Asia, Europe and Eurasia, and Latin America. Today NIB has local representatives in Beijing, New Delhi and Moscow.