Kazakhstan today. EDB to manage resources of EurAsEC Anti-Crisis Fund.
11.06.2009
Kazakhstan today
EDB to manage resources of EurAsEC Anti-Crisis Fund
Moscow. June 11. Kazakhstan Today — Eurasian Development Bank (EDB) will manage the resources of the EurAsEC Anti-Crisis Fund, the agency reports citing EDB press service.
«The constituent documents of the EurAsEC Anti-Crisis Fund were accepted on Tuesday at the session of the EurAsEC Interstate Council at the level of prime ministers: the contract on establishment of the fund and the agreement on management of its resources, concluded between the founders of the fund and the Eurasian Development Bank. These documents define that the fund’s resources will be managed by the fund council along with the EDB bank,» EDB informed.
According to the press service, the bank is authorized to conclude financing agreements with the addressees of the resources of the fund, to provide these resources, and to invest