BAKU, Azerbaijan, October 25. President of the
Republic of Azerbaijan Ilham Aliyev has signed a regulation approving
amendments to the Settlement Establishing the European Financial institution for
Reconstruction and Growth (EBRD), Development studies.
In accordance with the doc, amendments to the above settlement
had been accredited and adopted by resolutions of the Board of Administrators
of the EBRD dated Could 18, 2023, No. 259 and 260.
The regulation “On the Approval of the Settlement Establishing the
European Financial institution for Reconstruction and Growth” is a doc
formalizing Azerbaijan’s membership within the EBRD. With the adoption
of this regulation, Azerbaijan positive aspects entry to the financial institution’s monetary
assets and technical help to help the event of
the personal sector and implement financial reforms within the
nation.
The draft regulation “On the Approval of Amendments to the Settlement
Establishing the European Financial institution for Reconstruction and Growth”
consists of modifications adopted by the resolutions of the EBRD Board of
Administrators on Could 18, 2023, Nos. 259 and 260. These amendments
concern provisions introduced in a brand new format, added to broaden the
financial institution’s operational geography and improve the pliability of capital
administration mechanisms.