The Minister of Education and Science of the Kyrgyz Republic meets with the delegation of the Eurasian Fund for Stabilization and Development
Moscow, 2 April 2019. The delegation of the Eurasian Development Bank, as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), visited the Kyrgyz Republic to discuss cooperation between the EFSD and Kyrgyzstan.
During the visit, Andrey Shirokov, Executive Director of the EFSD Project Block, met with Gulmira Kudaiberdiyeva, Minister of Education and Science of the Kyrgyz Republic, to discuss priorities in the joint work aimed at developing and promoting grant projects in the educational sector of Kyrgyzstan. The sides agreed to enhance partnership in the sector in line with the objectives set in the National Strategy for the Development of the Kyrgyz Republic until 2040.
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 Stabilisation 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.
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