The EFSD Project Block visit the Kyrgyz Republic with a mission
Moscow, 19 June 2019.
The Project Block of the Eurasian Fund for Stabilization and Development (EFSD) managed by the Eurasian Development Bank (EDB) visited the Kyrgyz Republic with a mission to monitor the implementation of energy projects – Toktogul HPP Rehabilitation (Phase 2) and Commissioning of Unit 2 at Kambarata HPP 2.
The mission team met with representatives of the Ministry of Finance of the Kyrgyz Republic, the National Energy Holding Company, Elektricheskiye Stantsii, and Kambarata HPP 2. They also checked in detail the progress in constructing facilities at both HPPs and determined measures to develop the projects further.
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) 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:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)