PARIS, Jan 18 (Reuters) – A draft charter sent to about 60 countries by the U.S. administration calls for members to contribute $1 billion in cash if they want their membership to last more than three years, according to the document seen by Reuters.
“Each Member State shall serve a term of no more than three years from this Charter’s entry into force, subject to renewal by the Chairman,” the document, first reported by Bloomberg News, shows.
“The three-year membership term shall not apply to Member States that contribute more than USD $1,000,000,000 in cash funds to the Board of Peace within the first year of the Charter’s entry into force.”
(Reporting by John Irish, Editing by Louise Heavens)
