12/04/24 (Agence Europe) – On Friday 12 April, the Council of the European Union adopted a decision increasing the EU’s share in the capital of the European Bank for Reconstruction and Development (EBRD) to enable it to support the reconstruction of Ukraine beyond 2023 and to extend its activities “on a limited and incremental manner” to sub-Saharan Africa and Iraq. The EU will subscribe to 12,102 additional shares of €10,000 each before the end of July 2025. In the meantime, the EBRD Board of Directors may extend the subscription date to 31 December 2025 at the latest. The subscription will be paid in five equal annual instalments. Further information: https://aeur.eu/f/bqh (MB)