{"id":120572,"date":"2019-04-11T18:04:07","date_gmt":"2019-04-11T18:04:07","guid":{"rendered":"https:\/\/armbanks.am\/2019\/04\/11\/248434\/"},"modified":"2025-01-14T11:44:56","modified_gmt":"2025-01-14T11:44:56","slug":"armenia-to-acquire-additional-shares-in-ibrd-to-preserve-its-voting-right","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2019\/04\/11\/120572\/","title":{"rendered":"Armenia to acquire additional shares in IBRD to preserve  its voting right"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">YEREVAN, April 11. \/ARKA\/. The government of Armenia made a decision today to acquire additional shares in the International Bank for Reconstruction and Development (IBRD,  the first of five member institutions that compose the World Bank Group) to the tune of $5.4 million until 2023 inclusive to maintain its position in the financial institution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Minister of Finance Atom Janjughazyan said Armenia currently holds 1.642 IBRD shares (0.07%)  and in order to retain its position  and the voting  right  (0.1%), the country has to acquire additionally 360 shares, each of which costs $120, 635.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said that the acquisition of shares will be carried out in equal tranches of $1,803,091 in 2021-2023.<br>\nThe  minister recalled also that Armenia periodically acquired additional shares to maintain its position in the bank. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Armenia became a member of the World Bank in 1992 having since then implemented more than 100 World Bank-financed programs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;At present, Armenian government\u2019s credit debt to the World Bank stands at $1.8 billion, while the  amount of the agreed loan agreements with the World Bank is $2.4 billion, of which $600 million have  not yet been used,\u201d said Janjughazyan. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>YEREVAN, April 11. \/ARKA\/. The government of Armenia made a decision today to acquire additional shares in the International Bank for Reconstruction and Development (IBRD, the first of five member institutions that compose the World Bank Group) to the tune of $5.4 million until 2023 inclusive to maintain its position in the financial institution. Minister [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":174589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,13057,308],"class_list":["post-120572","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news","tag-armenia-2","tag-ibrd","tag-308"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"YEREVAN, April 11. \/ARKA\/. The government of Armenia made a decision today to acquire additional shares in the International Bank for Reconstruction and Development (IBRD, the first of five member institutions that compose the World Bank Group) to the tune of $5.4 million until 2023 inclusive to maintain its position in the financial institution. Minister\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"armenia,ibrd,\u0430\u0440\u043c\u0435\u043d\u0438\u044f\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2019\/04\/11\/120572\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenia to acquire additional shares in IBRD to preserve its voting right - ArmBanks.am\" \/>\n\t\t<meta name=\"twitter:description\" content=\"YEREVAN, April 11. \/ARKA\/. The government of Armenia made a decision today to acquire additional shares in the International Bank for Reconstruction and Development (IBRD, the first of five member institutions that compose the World Bank Group) to the tune of $5.4 million until 2023 inclusive to maintain its position in the financial institution. 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