Legal framework and policy documents

NIB is governed by its constituent documents, namely the Agreement among its member countries and the Statutes, as well as the Host Country Agreement concluded between NIB and the Government of Finland and the Host Country Agreement concluded between NIB and the Republic of Latvia. These establish that NIB is the member countries’ common international financial institution, having the same status as other legal persons conducting similar operations within and outside the member countries. 

Furthermore, the constituent documents stipulate that NIB has the status of an international legal person with full legal capacity, define the immunities and privileges of the Bank and its personnel and set out the structure for the governance of the Bank. In addition to the constituent documents of the Bank, NIB’s activities are governed by a number of policies, guidelines and instructions adopted by the Board of Directors or the President.