Bulgaria has signed a membership agreement with the International Development Association, which now makes it a full member of all organizations of the World Bank Group, the Ministry of Finance announced.

The memorandum of association was signed by Minister Valeri Belchev, and with his signature our country became the 174th member of the association.

The association is one of the five institutions in the World Bank group and was established in 1960 to complement the activities of the International Bank for Reconstruction and Development.

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