The EFSD meets with the Ministry of Finance of Tajikistan
Moscow, 21 April 2021. Representatives of the Project Unit of the Eurasian Fund for Stabilization and Development (EFSD, Fund) managed by the Eurasian Development Bank (EDB) met with the management of the Ministry of Finance of Tajikistan.
The participants in the meeting were Yusuf Majidi, Deputy Minister of Finance of Tajikistan, Sarvar Kurbonien, EFSD Expert Council member for Tajikistan, and representatives of the EFSD Project Unit led by Andrei Shirokov, Acting Executive Director of the Fund.
The sides discussed EFSD project activities in Tajikistan and prospects for cooperation in view of the need to respond to the impacts of the COVID-19 pandemic. They also discussed EFSD medium-term priorities in Tajikistan in 2022–2024.
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 and is headquartered in Almaty. 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 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:
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