• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    EBRD Governors Approve Capital Increase

    By Ivy Mungcal // 17 May 2010
    Governors of the European Bank for Reconstruction and Development approve a 50 percent capital increase for the agency. Photo by: EBRD

    The governors of the European Bank for Reconstruction and Development have agreed to increase the bank’s capital by 50 percent as part of their endorsement of EBRD’s strategy for the next five years.

    During their annual meeting, held this year in Croatia, the governors approved a temporary increase of 9 billion euros (USD11.1 billion) in EBRD’s callable capital and a transfer of 1 billion euros from the bank’s reserves to in-paid capital.

    The decision increases EBRD’s overall capital to 30 billion euros from 20 billion euros.

    The capital increase supports the bank’s New Growth Agenda, which aims to address Europe’s economic vulnerabilities as bared during the economic crisis. Under the agenda, which is proposed by EBRD President Thomas Mirow, the bank will invest primarily in energy efficiency, climate change and energy security-related projects.

    • Funding
    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Stories

    Global healthWHO pleads for 20% funding increase as some countries push back

    WHO pleads for 20% funding increase as some countries push back

    Devex InvestedDevex Invested: There’s a push to lend more in local currency. But how?

    Devex Invested: There’s a push to lend more in local currency. But how?

    Climate financeThe growing relevance of BRICS to climate finance

    The growing relevance of BRICS to climate finance

    World Bank Spring MeetingsWhat to watch at the 2025 World Bank-IMF Spring Meetings

    What to watch at the 2025 World Bank-IMF Spring Meetings

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      Strengthening health systems by measuring what really matters
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement