IAEA fuel bank hits $100m milestone

摘要

The international fuel bank proposed by the Nuclear Threat Initiative (NTI) has exceeded its initial goal of $100 million in matching contributions with a $10 million commitment from the government of Kuwait. The contribution brings the total committed to the fuel bank to approximately $157 million, and fulfills the monetary condition established when NTI pledged $50 million, funded by NTI adviser Warren Buffett, to create a low-enriched uranium stockpile managed by the International Atomic Energy Agency (IAEA). IAEA director general Mohamed ElBaradei said that the next step is to develop a proposed framework for the fuel reserve for the consideration of the board hopefully at its mid-year meeting in June.rnKuwait joins NTI, the United States government ($50 million), the European Union ($32 mil-rnlion), the government of the United Arab Emirates ($10 million), and the government of Norway ($5 million) in making contributions to the IAEA fuel bank, which was announced by NTI and Warren Buffett in September 2006.