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Interfax, Russia
Dec 12 2008
Eurasian Development Bank's council approves adopting 3 new members
ALMATY Dec 12
The Eurasian Development Bank's council has approved the adoption of
three new members: Armenia, Belarus and Tajikistan, the bank said in a
statement.
"The council of the Eurasian Development Bank met on December 11 and
after considering applications from Tajikistan, Belarus and Armenia
approved the entry of these countries to the bank," the statement
reads.
The council approved increasing the charter capital in line with the
procedure of adopting new members through an additional issue of the
bank's shares, which will be distributed among the new participants
proportionally to their donations to the capital, it reads.
"Now the charter capital of the Eurasian Development Bank, which was
fully paid by its founders, Russia and Kazakhstan, is $1.5 billion.
As a result of buyout of the additional issue, it will grow by $15.6
million thanks to contributions of Tajikistan, Belarus and Armenia,"
the statement reads.
From: Emil Lazarian | Ararat NewsPress
Dec 12 2008
Eurasian Development Bank's council approves adopting 3 new members
ALMATY Dec 12
The Eurasian Development Bank's council has approved the adoption of
three new members: Armenia, Belarus and Tajikistan, the bank said in a
statement.
"The council of the Eurasian Development Bank met on December 11 and
after considering applications from Tajikistan, Belarus and Armenia
approved the entry of these countries to the bank," the statement
reads.
The council approved increasing the charter capital in line with the
procedure of adopting new members through an additional issue of the
bank's shares, which will be distributed among the new participants
proportionally to their donations to the capital, it reads.
"Now the charter capital of the Eurasian Development Bank, which was
fully paid by its founders, Russia and Kazakhstan, is $1.5 billion.
As a result of buyout of the additional issue, it will grow by $15.6
million thanks to contributions of Tajikistan, Belarus and Armenia,"
the statement reads.
From: Emil Lazarian | Ararat NewsPress