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29 Dec
2024
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ABCMEDIA
Eurasian Fund for Stabilization and Development to support economic reforms in Armenia with substantial funding

Eurasian Fund for Stabilization and Development to support economic reforms in Armenia with substantial funding

The board of the Eurasian Fund for Stabilization and Development has decided to provide funding to Armenia in the amount of $100 million to support its economic reforms. The funds will be used to increase the 2024 state budget and will be provided as a result of the reform package implementation by the country’s government.

The Eurasian Fund for Stabilization and Development is a regional financial institution with a volume of more than $9 billion. It was created in 2009 by Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. Its objectives are to promote economic and financial stability in the member countries of the fund, as well as to support their sustainable development.

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