Wednesday 19th August 2015 – The International Atomic Energy Agency (IAEA)’s first International Nuclear Fuel Bank is set to be officially launched during a ceremony in Kazakhstan, the Bank’s host country, on August 27th.
During the ceremony, Kazakh Foreign Minister Erlan Idrissov and IAEA Director-General Yukiya Amano will sign an agreement establishing the Low-Enriched Uranium (LEU) World Bank. The Bank is intended to provide countries with secure access to enriched nuclear fuel, without the need for them to possess enrichment technology.
Minister Idrissov stressed that the signing of the agreement is an important step to facilitating peaceful nuclear cooperation, a major policy priority for Kazakhstan and Central Asia, and helping to create a safer world.
The ceremony is due to be attended by delegations from the five permanent members of the UN Security Council – China, France, Russia, the United Kingdom and the United States – as well as from the European Union, Norway and Kuwait.