The Eurasian Fund for Stabilization and Development (EFSD, before known as the EURASEC Anti-Crisis Fund) is a regional financial arrangement in the amount of US$ 8.5 billion. It was established by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan in 2009.
EFSD mission is to help member countries ensure their long-run economic stability and foster economic integration between them.
EFSD is guided by members` finance ministries. Supreme decision-making body is EFSD Council consisting of members` Finance Ministers. Chairman is Anton Siluanov, Finance Minister of Russia.
Eurasian Development Bank manages the resources of EFSD.
EFSD financial instruments are:
EFSD credits and loans are repayable, have finite maturity, carry interest and are extended in US Dollars or Euros. While lending to low income countries, EFSD is guided by International Monetary Fund recommendations on loan concessionality. The prospective borrower should have no debt arrears to the Fund itself, to any of its member countries, or to other international financial institutions.
For more information please visit http://acf.eabr.org/e/