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.
|Improving Prevention and Control of Noncommunicable Diseases in Primary Health Care||Armenia||Grants||Health||1||Signed||02/02/2018|
|Nurek HPP Rehabilitation (Phase I)||Tajikistan||Investment credit||Energy||40||Under preparation||06/26/2017|
|Commissioning of the 2nd Hydroelectric Unit of the Kambaratinskaya HPP-2 in Kyrgyzstan (2016)||Kyrgyzstan||Investment credit||Energy||110||Signed||09/23/2016|
|Stabilization credit for Republic of Belarus (2016)||Belarus||Financial credit||Budget support and/or balance-of-payments support||2000||Signed||03/25/2016|
|Construction of Mastara Reservoir in Armenia (2015)||Armenia||Investment credit||Agriculture||25||Under preparation||12/09/2015|
|Budget support credit to Armenia (2015)||Armenia||Financial credit||Budget support and/or balance-of-payments support||300||Signed||10/29/2015|
|Second financial credit for the Republic of Tajikistan (2015)||Tajikistan||Financial credit||Budget support and/or balance-of-payments support||20||Completed||07/03/2015|
|Toktogul HPP Rehabilitation in Kyrgyz Republic (2015)||Kyrgyzstan||Investment credit||Energy||100||Signed||07/03/2015|
|Financial credit to Belarus for strengthening the balance of payments (2014)||Belarus||Financial credit||Budget support and/or balance-of-payments support||2560||Completed||07/02/2014|
|Construction of the North-South Road Corridor in Armenia (2014)||Armenia||Investment credit||Transport||150||Signed||07/02/2014|