The Bill (Reg. No.0139) envisages adoption of the amendment to the clause provisions of agreement of the European Bank for Reconstruction and Development appertaining to the increase of the number of votes, and participation of the developing countries and the transition economies. The amendment was ratified by the Resolution of the Board of Governors of the Bank 596 of 30 January 2009.
If the amendment to the clause provisions of the agreement is adopted, the share of the main votes for the participating countries will increase to 5,55% of the total number of votes. At present, the share of the main votes of the EDRD participating countries totals 2,86%.
Adoption of the Bill will render a possibility to realize domestic procedures required for the amendment to the clause provisions to come into force.