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 national 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.

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