Amendment to the Convention on the establishment of the European Bank for Reconstruction and Development 1
Article 1 shall be supplemented by the words printed in italics below:
" Article 1
The purpose of the Bank is to support economic progress and reconstruction in the countries of Central and Eastern Europe, which are committed to the principles of multi-party democracy, pluralism and the market economy, and to the principles of multiparty democracy, pluralism and the market economy. , to promote the transition to an open market economy, as well as to promote private and entrepreneurial initiative. Under the same conditions, the Bank may also pursue its purpose in Mongolia. In line with this, all the passages in this Convention and its annexes are applicable to "Central and Eastern European countries", " recipient country (or -countries) "or" beneficiary country (or -countries) ", including for Mongolia. "
Amendment to the Agreement Establishing the European Bank for Reconstruction and Development
Article 1 of the Agreement Establishing the Bank shall be amended to read as follows (new text in italics):
" Article 1
In contributing to economic progress and reconstruction, the purpose of the Bank shall be to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in the Central and Eastern European countries committed to and applying the principles of multiparty democracy, pluralism and market economics. The purpose of the Bank may therefore be carried out in Mongolia subject to the same conditions. Accordingly, any reference in this Agreement and its annexes to "Central and Eastern European countries", "countries from Central and Eastern Europe", "recipient country (or countries)" or "recipient member country (or countries)" shall refer to Mongolia as well. "
According to the note by the Secretary-General of the European Bank for Reconstruction and Development of 14 July 2006, the above amendment was adopted in accordance with Article 56 (3) of the Convention on 15 July 2006. It entered into force in October 2006.