Slovak Vice-Premier for Investments and Informatisation Peter Pellegrini and International Investment Bank (IIB) board vice chairman Jozef Kollar on Monday signed a memorandum of cooperation between the IIB and Slovakia.

"The memorandum features the bank's assistance in identifying additional funding and attracting new investors as well as development help and an investment preparation in developing countries," pointed out Pellegrini.

Moreover, the document includes cooperation with IIB's first donor program entitled the "Technical Assistance Fund", which was set up by the bank and Slovakia in April and is aimed at financing technical help in Mongolia, Vietnam and Cuba.

"This is an important step in the strengthening of relations between Slovakia and IIB. Our bank is ready to support Slovakia with additional funding designed for strategic projects," said Kollar.

IIB is a multilateral development bank set up in 1970 to promote the economic development of its members and cooperation between them. The bank's members are Bulgaria, the Czech Republic, Cuba, Hungary, Mongolia, Romania, Russia, Slovakia and Vietnam.

Source: XINHUA