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Abstract
The doubling of the EBRD’s capital base to ECU 20 billion became effective in
April, demonstrating shareholders’ commitment to the Bank’s mandate. The EBRD
signed 108 projects with a total value of ECU 2.3 billion. The Bank expanded
its nuclear safety role by becoming administrator of the donor-funded
Chernobyl Shelter Fund, which became operational in December 1997.
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