Governing bodies

The EFSD is managed by the EFSD Сouncil supported by the Expert Council and the Eurasian Development Bank, acting in its capacity of the EFSD Resources Manager and the EFSD Secretariat. 

The Council of the Fund is the top governing body, taking the key decisions on the Fund’s operations. The EFSD Council  is the principle decision-making body. The EFSD Council members are the Ministers of Finance of member states. 

The EFSD Council's decisions are drafted by Expert Council, where member states are represented by department directors of their Ministries of Finance. The Expert Council members are the  Ministries of Finance department directors of member states. 

The EFSD Project Unit prepares and implements EFSD’s projects in close coordination with EDB departments, member states and other international financial institutions as well as acting as the Fund Secretariat. 


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