Bnews.kz - EurAsEC Anti-Crisis Fund Council approves concept of investment project in Kyrgyzstan

Council of EurAsEC Anti-Crisis fund approved concept of investment project on Financing of agricultural machinery supply to Kyrgyzstan, press service of the Eurasian Development Bank reported.

This decision will enable development of a feasibility study for the project.

Two preliminary applications from Armenia Modernization and development of the institutional capacity of irrigation systems and Construction of the road corridor north — south have been also approved in course of the council, 24.kg reports.

Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in January 2006 to promote the development of market economy of its member states, their sustainable economic growth and the expansion of trade and economic ties.

The authorized capital of EDB exceeds $ 1.5 billion. Its member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

EurAsEC Anti-Crisis Fund (ACF) in the amount of $ 8.513 billion has been established on June 9, 2009.