The formal membership process will now get underway, which includes the purchase of shares by India at an estimated cost of around 1 million euros. The EBRD’s Board of Governors, which represents all the existing shareholders of the UK-based bank, voted in favour of India’s membership application.
Static/Current Takeaways Important for Exams-
- Suma Chakrabarti is the President of the European Bank for Reconstruction and Development.
- EBRD headquarters in- London, UK, Established in- 1991.