EurAsEC Anti-Crisis Fund member-states to ratify charter documents in Sept
ALMATY. August 25. KAZINFORM /Daniyar Sikhimbayev/ According to the Eurasian Development Bank all the EurAsEC Anti-Crisis Fund member-states are expected to ratify charter documents in September; Member of the Management Board of the EDB Vladimir Yassinsky has said today in Almaty.
He reminded that the session of the Interstate EurAsEC Council was held on June, 10 where charter documents of the EurAsEC Anti-Crisis Fund were signed. The EDB also participated in signing as far as one of the documents concerned management of the Anti-Crisis Fund.
According to V. Yasinsky Russia invests USD 7.5 bln to the Fund, whereas Kazakhstan - USD 1 bln; Kyrgyzstan, Armenia and Tajikistan - USD 1 mln and Belorussia - USD 10 mln respectively.
"We expect other countries to pass the same way in September as far as they are mostly interested in receipt of these funds. The funds will be used according to three directions. They are the independent loans, stabilization credits and interstate investment projects", - he noted.
The Eurasian Development Bank was established in 2006 on the initiative of Presidents of Kazakhstan and Russia Nursultan Nazarbayev and Vladimir Putin to promote market economy of the member states, their stable economic growth and widening of mutual benefit trade and economic ties.