The EFSD delegation takes part in the IMF and WBG Spring Meetings

16 April 2019

Washington, 12-14 April 2019. A delegation from the Project Block of the Eurasian Fund for Stabilization and Development (EFSD) managed by the Eurasian Development Bank (EDB) took part in the Spring Meetings of the International Monetary Fund and the World Bank Group.

The IMF and WBG annual and spring meetings bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organisations and academics to discuss issues of global concern, including the world economic outlook, global financial stability, employment and growth, economic development, aid effectiveness and poverty eradication.

The representatives of the EFSD Project Block had a series of bilateral meetings with officials from the Fund’s member states in the sidelines of the forum. The delegation also had around twenty meetings with representatives of different international financial institutions, including the World Bank, the International Monetary Fund, the Asian Development Bank and the European Stability Mechanism, to discuss joint investment projects in the member states, consult on fiscal support measures, and share analytical information.

The EFSD representatives spoke at a number of IMF and WB discussion floors to inform the global financial community about the Fund’s operations.

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.

The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial mechanism totalling US $8.513 billion, established on 9 June 2009 by the governments of the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. The Eurasian Development Bank manages the EFSD's resources. The EFSD Project Block prepares and implements the Fund’s projects.

The Fund aims to assist its member states in ensuring economic and financial stability and support integration in the region. It is also part of the global financial safety net.


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