European Bank for Reconstruction and Development Current Affairs, GK & News

India becomes newest member of European Bank for Reconstruction and Development

India has become the 69th shareholder of the European Bank for Reconstruction and Development (EBRD). This move will enable Indian companies to undertake joint investments in regions in which the EBRD operates. Here, India takes a shareholding in the EBRD but it will not be a recipient of EBRD financing. London-headquartered EBRD is a multilateral ..

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European Bank for Reconstruction and Development: India formally announced as 69th shareholder

India was formally inducted as 69th shareholder of European Bank for Reconstruction and Development (EBRD). This comes after entire membership process completed recently and after EBRD’s board of governors, which represents all existing shareholders voted unanimously in favour of India’s application in March 2018. India had applied for EBRD membership in December 2017. Key Facts ..

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European Bank for Reconstruction and Development approves India’s membership

The European Bank for Reconstruction and Development (EBRD) has recently approved India’s membership after its shareholders gave their nod to make India its 69th member. The formal membership process will now get underway, which includes the purchase of shares by India at an estimated cost of around €1 million. The London-headquartered EBRD is a multilateral ..

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European Bank for Reconstruction and Development approves India’s membership

The shareholders of European Bank for Reconstruction and Development (EBRD) have given their nod to India’s candidature to international financial institution. With this, India will become the 69th member of EBRD. The move follows Indian Government’s application to seek membership of EBRD back in December 2017. It will set stage increase in joint investment with ..

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Union Cabinet approves India’s membership for EBRD

The European Bank for Reconstruction & Development (EBRD) is an international financial institution founded in 1991. Its headquarters is located at London, England. It is in news recently because the Union Cabinet, chaired by Prime Minister Narendra Modi, has recently approved India’s membership for the EBRD for which the required steps will be initiated by ..

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