Eurasian Fund for Stabilization and Development (EFSD)
Eurasian Fund for Stabilization and Development (the former EURASEC Anti-crisis Fund) is an international financial institution established by Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia and Tajikistan with the goals to assist its member states in overcoming the consequences of global financial crisis, to ensure their long-run economic stability and to foster economic integration of EFSD member-countries. The Fund assists member states with the following instruments:
financial credits, available to governments only;investment loans, provided either to EFSD member states or to companies implementing interstate and national investment projects;grants to finance government programmes in social sector.
EFSD Resources Manager coordinates its activities with other international financial institutions and donor clubs.
Main Principles of the Fund’s Operations:
Transparency at all stages of project cycle;Full accountability in the use of funds (EFSD’s annual financial statements are prepared in accordance with International Financial Reporting Standards and verified by an independent auditor);Extensive disclosure of information on the Fund’s operations.