European Bank for Reconstruction and Development (EBRD): subscription by the European Union to additional shares in the capital; extension of the geographic scope of EBRD operations to sub-Saharan Africa and Iraq in a limited and incremental manner, and removing the statutory capital limitation on ordinary operations
The subscription by the European Union to additional shares in the capital of the European Bank for Reconstruction and Development (EBRD) and amending the Agreement establishing the EBRD as regards the extension of the geographic scope of EBRD operations to sub-Saharan Africa and Iraq in a limited and incremental manner, and removing the statutory capital limitation on ordinary operations
- Stage
- In force, reached 8 May 2024
- In force
- In force since 11 May 2024 · CELEX 32024D1246
- Procedure
- Ordinary legislative procedure
- Lead DG
- DG ECFIN
- Last activity
- 8 May 2024
Where it stands
Latest: Published in the Official Journal, 8 May 2024.
ShowHide the earlier record: 3 dates, 22 Jan 2024 to 8 Feb 2024
- 22 Jan 2024
- Adoption by Commission
- 24 Jan 2024
- Discussions within the Council or its preparatory bodies
- 8 Feb 2024
- Referred to committee
- 23 Feb 2024
- Discussions within the Council or its preparatory bodies
- 12 Mar 2024
- Plenary vote
- 14 Mar 2024
- Plenary adopted first-reading position
- Plenary vote
- 15 Mar 2024
- Discussions within the Council or its preparatory bodies
- 10 Apr 2024
- Discussions within the Council or its preparatory bodies
- 12 Apr 2024
- Approval of the EP's first reading position by the Council (adoption of the legislative act)
- 24 Apr 2024
- Signed
- 8 May 2024
- Published in the Official Journal
Documents
Newest first. Each opens at its source.
- Proposal · COM(2024)0042Parliament
- Text adopted · Decision 2024/1246Commission
- Text adopted · OJ L 08.05.2024Commission
- Text adopted · T9-0162/2024Parliament
Summary
GeneratedThis act authorizes the EU to subscribe to additional capital shares in the European Bank for Reconstruction and Development (EBRD). It extends the EBRD's geographic scope to sub-Saharan Africa and Iraq in a limited and incremental manner and removes the statutory capital limitation on ordinary operations. The legislation is now in force, affecting the EBRD and its member states.
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A first draft
Sources: EP Legislative Observatory · EUR-Lex. Record as of 14 Sept 2026. Something wrong on this page? Report an error.
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