A decision made on Azerbaijan`s participation in IBRD capital growth

16:47 - 6.02.2020


February 6, Fineko/abc.az. Azerbaijan is to participate in the growth of capital of the International Bank for Reconstruction & Development, ABC.AZ was informed at the Ministry of Finance.

A decision on Azerbaijan's participation in IBRD’s capital growth was taken in compliance with the presidential decree.

Under the decision, Finance Minister Samir Sharifov and Justice Minister Fikret Mammadov are authorized to sign the relevant documents for subscribing to an additional 505 shares of Azerbaijan in the IBRD. Azerbaijan's voting rights will be preserved by 0.13 percent in the total parity of votes with an additional 505 shares.

Azerbaijan has been a member of the World Bank Group since 1992 and has 2,371 shares in it with total value of $286 million.

 

Other news