The EFSD holds a strategic session | 04.10.2021
Moscow, 1 October 2021. The Eurasian Fund for Stabilization and Development (EFSD, or “the Fund”) held a strategic session at Russia’s Ministry of Finance in Moscow to discuss and agree on its main strategic objectives and priorities for 2022–2026.
The meeting brought together deputy ministers of finance in charge of international financial relations and members of the Expert Council from EFSD member countries.
The EFSD medium-term strategy for 2022–2026 was presented at the session, including the Fund’s country strategies for Armenia, Belarus, the Kyrgyz Republic and Tajikistan which form its integral part.
The participants noted the Fund’s growing role in the region of operations, shared their opinions on its role as a key source of stabilisation funding as well as in implementing international development agenda, and as a leading centre promoting structural and institutional reforms. They also agreed to continue to develop and improve the strategic areas of work.
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
The Eurasian Fund for Stabilization 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.
The EDB Media Centre:
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)