Senate ratified Treaty on fund management of EurAsEC Anti-Crisis Fund

"The Treaty on fund management of the EurAsEC Anti-Crisis Fund was signed on June, 9, 2009 in Moscow with the aim of overcoming the negative impact of the global financial and economic crisis by national economies, ensuring their economic and financial stability as well promoting further integration of the member countries", Vice Minister of Finances Ruslan Dalenov has said presenting the document.
He also informed that the Eurasian Development Bank will manage the means of the fund.
As is known Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan are the members of the EurAsEC.
The Eurasian Development Bank is an international organization established according to the Treaty on establishment of the Eurasian Development Bank as of January, 12, 2006 aimed at the development of market economy of member-states, their economic growth and extension of trade-economic ties between them.