The value of the overall capital increase is USD $82,273,070 (682 shares with a unitary value of USD $120,635), of which 20% subscribed and paid-up capital (USD $16,454,614). Thus, the total value of the capital subscribed and paid-up by Romania reaches USD $21,246,236.20.
The subscription of shares allocated to Romania through the two capital increases is favorable to consolidating Romania’s position within IBRD’s shareholding structure, with Romania’s voting power maintaining at 0.31%. Under the circumstances, Romania will keep its power of representation within the constituency it is part of, placing third in terms of voting power.
Romania’s contribution to boosting IBRD’s capital will implicitly contribute to increasing the resources the latter can allocate to grant financing to Romania, in the context in which the total volume of loans contracted by Romania from IBRD, between 1991 and 2018, amounts to approximately USD $14.078 billion, and the annual average of loans contracted over the last ten years reaches approximately USD $500 million.
The participation in IBRD’s capital increase also favors the support provided by Romania for development.