Eurasian Development Bank disbursed the third tranche of the credit of the EurAsEC Anti-Crisis Fund to the Republic of Belarus

Almaty, 18 June 2012. Eurasian Development Bank (EDB) disbursed on Friday the third tranche of the financial credit from the resources of EurAsEC Anti-Crisis Fund (ACF) in the amount of US$ 440 million to the Republic of Belarus.

This occurred in accordance with the decision of the ACF Council meeting, which took place on June 8, 2012 in Moscow.

The provision of a US $3 billion financial (stabilisation) credit to Belarus was approved by the ACF Council on 4 June 2011. In June and December 2011 EDB transferred two tranches to Belarus, in the amount of US $800 million and US $440 million respectively.

Additional Information

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.

The EurAsEC Anti-Crisis Fund (ACF) amounting to US $8.513 billion was formed on 9 June 2009 by the governments of six countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The objectives of the ACF are to assist the member countries in overcoming the consequences of the global financial crisis, ensure their economic and financial stability, and foster integration processes in the region. The ACF member countries signed the Management Agreement with Eurasian Development Bank giving EDB the role of the ACF Resources Manager.