Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-273-000"
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"en.20111012.19.3-273-000"2
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"Madam President, in connection with the political statements at EU and G20 group level as regards boosting the capital of the multilateral development banks, the Board of Governors of the European Bank for Reconstruction and Development (EBRD) decided in May last year to increase the Bank’s capital by EUR 10 billion, with the aim of expanding the bank’s activities in support of the countries within its area of operations.
The increase in capital also forms part of the Bank’s medium term strategy. The shareholders of the EBRD comprise 61 countries, including 29 beneficiary countries. The European Commission and the European Investment Bank also have a separate holding. My own country will also take part in increasing the capital. In February this year, the government decided to subscribe a further 3 842 shares payable on demand, and 431 paid-up shares with a value of EUR 10 000. This means, in practice, maintaining my country’s percentage share in the voting rights of the EBRD. The bank’s other shareholders have taken a similar approach, and it is good that both the European Parliament and the Council are backing this policy through their decision. The EBRD will thus secure new possibilities for expanding its investment support activities."@en1
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