The Eurasian Fund for Stabilization and Development (the former EURASEC Anti-Crisis Fund) is a regional financial arrangement in the amount of US$ 8.513 billion established by Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia, and Tajikistan to overcome negative crisis consequences, to provide long-run sustainability and to foster economic integration of EFSD member countries. The Fund provides the following assistance to the member states:
- financial credits for budget support and (or) balance-of-payments support, available to governments only;
- investment loans, provided either to EFSD member states or to companies;
- grants to finance government programmes in the social sector.
The Eurasian Development Bank acting in its capacity of the EFSD Resources Manager coordinates its activities with other international financial institutions and donor clubs.