Eurasian Fund for Stabilization and Development Projects

The Fund provides financial resources for projects designed to:

  • assist EFSD member states in overcoming the effects of the global economic crisis;
  • ensure long-run economic sustainability;
  • promote integration in the region.

The above objectives are met both by extending financial credits to member states governments in support of their budgets, balance of payments and currency exchange rate, and in the form of investment loans to governments or companies implementing interstate investment projects.

One mandatory eligibility criterion for such financial support consists in the inability to borrow from the capital market to enable full-scale implementation of the project.

The minimum amount of EFSD investment loans is set at US$30 million for countries with GNI per capita over US$ 5,000 and at US$10 million for all other countries. The minimum amount of EFSD financial credits is set at US$10 million.

Project Status Date of
Kambaratinskaya HPP-2 safety plan implementation
Kyrgyzstan, Investment credit, Energy
Approved concept note 10/22/2019
Caravan of Health (The Republic of Tajikistan)
Tajikistan, Grants, Health
Signed 12/29/2018
Caravan of Health (The Kyrgyz Republic)
Kyrgyzstan, Grants, Health
Signed 12/29/2018
Improving Prevention and Control of Noncommunicable Diseases in Primary Health Care
Armenia, Grants, Health
Signed 02/02/2018
Nurek HPP Rehabilitation (Phase I)
Tajikistan, Investment credit, Energy
Signed 06/26/2017
Commissioning of the 2nd Hydroelectric Unit of the Kambaratinskaya HPP-2 in Kyrgyzstan
Kyrgyzstan, Investment credit, Energy
Signed 09/23/2016
Stabilization credit for Republic of Belarus
Belarus, Financial credit, Budget support and/or balance-of-payments support
Completed 03/25/2016
Construction of Mastara Reservoir in Armenia
Armenia, Investment credit, Agriculture
Approved concept note 12/09/2015
Budget support credit to Armenia
Armenia, Financial credit, Budget support and/or balance-of-payments support
Completed 10/29/2015
Second financial credit for the Republic of Tajikistan
Tajikistan, Financial credit, Budget support and/or balance-of-payments support
Completed 07/03/2015
Show more