YEREVAN, October 24. /ARКА/. The Armenian government has decided to acquire additional shares in the EBRD charter capital, while maintaining its stake.
As stated in the explanatory document, the EBRD Board of Governors previously decided to increase the bank’s charter capital by €4 billion, which will allow it to continue supporting beneficiary country economies in overcoming the challenges of the transition period and will also help the bank address large-scale geopolitical tensions and the long-term impacts of climate change.
Currently, the Republic of Armenia’s share in the EBRD charter capital is 0.05%, with paid-in capital of €14.9 million. Armenia has been invited to subscribe for an additional 201 shares for a total value of just over €2 million, which will proportionally increase or at least maintain Armenia’s stake in the bank. (If all remaining participants opt out of the capital increase, Armenia’s stake will decrease to 0.04%).
“Considering that the Bank is a key partner in Armenia’s development, and that cooperation has further strengthened following the EBRD Annual Meeting and Business Forum held in Yerevan on 14-16 May 2024, leading to a record level of Bank investment in Armenia, the new share subscription will be considered an important step towards restoring effective cooperation between the Republic of Armenia and the Bank,” the document states.
The European Bank for Reconstruction and Development is one of the leading institutional investors in Armenia. According to the latest data, as of the end of January 2025, the number of EBRD projects in Armenia reached 224, with a total investment volume of €2.6 billion.-0-
