Armenia starts to implement the EFSD’s first grant project

24 September 2018

24 September 2018, Yerevan. The Republic of Armenia has complied with the conditions precedent of a US $1 million Grant Agreement to be funded by the Eurasian Fund for Stabilization and Development (EFSD). The grant will finance the purchase of medical equipment for the early detection of breast cancer.

Equipment will be supplied to health care facilities in three Armenian regions – Lori, Syunik and Tavush marzes – as part of the project titled “Improving prevention and control of non-communicable diseases in primary health care.” The respective agreement between the Eurasian Development Bank (EDB), as the EFSD Resources Manager, and the Government of Armenia was signed on 3 April 2018. In August, the Cabinet approved the draft presidential decree on grant disbursement. On 14 September, the Ministry of Health adopted the plan for the procurement of medical equipment. Purchases will start before the end of 2018.

In addition, the project will launch an online continuing education programme for health professionals, including doctors from remote regions.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

Read more about the EDB at 

The Eurasian Fund for Stabilisation and Development (EFSD) amounting to US$8.513 billion was formed on 9 June 2009 by the governments of the same six countries. The objectives of the EFSD are to assist its member countries in overcoming the consequences of the global financial crisis, ensure their economic and financial stability, and foster integration in the region. The EFSD member countries signed the Fund Management Agreement with Eurasian Development Bank giving it the role of the EFSD Resources Manager. 

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