Bailtemmic Infrastructure Investment Bank (Pacifica)
| Abbreviation | BIIB |
|---|---|
| Formation | February 18, 2018 |
| Type | Multilateral development bank |
| Purpose | Project finance, crediting, consulting |
| Headquarters | Pelograd, Pelinai |
Region | Bailtem |
Official languages |
|
Staff | 2,194 (2024) |
| Website | biib.pln |
The Bailtemmic Infrastructure Investment Bank is a regional development bank founded in 2018 with the goal of furthering economic development in Bailtem. It possesses a total of (PLACEHOLDER1) member states as of 2024, including (PLACEHOLDER2) members in Bailtem and (PLACEHOLDER3) members in other regions, while its headquarters office is located in Pelograd, Pelinai.
The Bailtemmic Infrastructure Investment Bank enhances economic development through the provision of a variety of services to infrastructure and other development projects, including direct financing & loans, limited investment banking services, and project consulting. Major sectors of activity for BIIB include utilities, transportation, agricultural infrastructure, education, and healthcare.
History
Membership
Regional members
| State | Join date | Total capital subscriptions (million INT$) |
Total votes |
|---|---|---|---|
 Pelinai
|
February 18, 2018 (founding member) |
$15,200.8 |
Other members
| State | Join date | Total capital subscriptions (million INT$) |
Total votes |
|---|
Operations
Objectives
The founding treaty of the BIIB defines its purpose to be the furtherance of economic development and regional economic connectivity in Bailtem and its surrounding areas through the financing and project support of infrastructure construction and other similar programs. Support for projects is to be furnished through the issuance of loans, grants, and/or assistance with capital raising efforts such as equity and bond issuances, as well as through secondary services such as project technical & management consulting.
Financing
Areas of focus
The Bailtemmic Infrastructure Investment Bank focuses on providing funding and other services for both hard and soft infrastructure, including:
- Agriculture: Primarily improvements such as rural transportation infrastructure, food inspection facilities, and agricultural supply distribution infrastructure.
- Education: Primarily facilities, such as the construction or expansion of primary, secondary, and tertiary education institutions.
- Healthcare: Primarily construction of hospitals and purchases of durable medical equipment.
- Logistics: Primarily construction, maintenance, improvements, and extensions of logistics and transportation infrastructure, such as roads, railways, seaports, airports, rail terminals, pipelines, metro systems, and canals.
- Utilities: Primarily construction, maintenance, improvements, and extensions of utilities such as electricity generation & distribution, water systems, sanitation systems, heating systems, telecommunications infrastructure, natural gas lines, and telephone lines.
Governance
Notable projects
Major loans
| Approval date | Country | Project | Funding (INT$) | Co-lenders |
|---|---|---|---|---|
| November 7, 2018 | Pelinai | Railway maintenance & extension | $100,000,000 | Government of Pelinai |