EFSD delegation takes part in a road show for the Toktogul HPP rehabilitation project (Phase 2)
Moscow, 2 October 2015. The 14th CAREC Conference was held on
During the conference, meetings were held with President of the Asian Development Bank Takehiko Nakao, Vice President of the Asian Development Bank for South, Central and West Asia Wencai Zhang, World Bank Regional Director for Central Asia Saroj Kumar Jha, EBRD Managing Director for Turkey and Central Asia Natalia Khanjenkova, Deputy Minister of Energy and Industry of the Kyrgyz Republic Aibek Kaliev, and Minister of Transport and Communications of the Republic of Tajikistan Sherali Ganjalzoda. The discussions covered implementation of joint projects in the area of transport and energy in CAREC member states.
Eurasian Development Bank 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 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.
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The Eurasian Fund for Stabilisation and Development (EFSD) amounting to US$8.513 billion was formed as the EurAsEC Anti-Crisis Fund on 9 June 2009 by the governments of six countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The objectives of the Fund are to assist its member countries in overcoming the consequences of the global financial crisis, ensure their economic and financial stability, and foster integration processes in the region. The Fund's member countries signed the Fund Management Agreement with Eurasian Development Bank giving it the role of the Fund's Resources Manager.
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