Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-185-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-10-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20111013.19.4-185-000"2
lpv:hasSubsequent	lp_eu:2011-10-13-Speech-4-186-0002
lpv:speaker	lp:João Ferreira2
lpv:spokenAs	member; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-16--2013-02-03)3 unknown; Partido Comunista Português (2009-07-14--2014-06-30)3 substitute; ENVI (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of the Andean Community (2009-09-16--2014-06-30)3 member; EUL/NGL (2009-07-14--2012-02-06)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 member; PECH (2009-07-16--2012-01-18)3
lpv:translated text	"The purpose of this proposal for a decision is to enable the European Union to subscribe for additional callable shares in the European Bank for Reconstruction and Development (EBRD), in the context of the capital increase decided on by the Board of Governors of the EBRD in 2010. The decision will also authorise the Governor of the EBRD – a representative of the European Union – to deposit the requisite instrument of subscription. The Board of Governors decided last May to increase the capital of the bank by 50%, from EUR 20 billion to EUR 30 billion, with a view to responding to the financial crisis and to enhancing the EBRD’s activities in support of its countries of operation. The capital increase assumes EUR 1 billion new paid-in capital and EUR 9 billion new callable capital. As the Committee on Budgets mentions, the proposal is to generate the new callable capital by transforming accumulated distributable reserves into share capital. Hence, the operation will have no immediate direct effect on the EU budget. The risk stems from the potential need to call up additional capital in the unlikely case of a considerable negative development with the bank’s investment portfolio."@en1

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