Eurasian Fund for Stabilization and Development Projects

The Fund provides financial resources for projects designed to:

assist EFSD member states in overcoming the effects of the global economic crisis;
ensure long-run economic sustainability;
promote integration in the region.

The above objectives are met both by extending financial credits to member states governments in support of their budgets, balance of payments and currency exchange rate, and in the form of investment loans to governments or companies implementing interstate investment projects.

One mandatory eligibility criterion for such financial support consists in the inability to borrow from the capital market to enable full-scale implementation of the project.

The minimum amount of EFSD investment loans is set at US$30 million for countries with GNI per capita over US$ 5,000 and at US$10 million for all other countries. The minimum amount of EFSD financial credits is set at US$10 million.

Project	Status	Date of approval
Rehabilitation of the Aral-Suusamyr Road Kyrgyzstan, Investment credit, Transport	Approved concept note	05/03/2022
Improving water supply and sanitation in rural areas of the Osh region in the Kyrgyz Republic Kyrgyzstan, Investment credit, Water and Sanitation	Approved concept note	04/15/2022
Emergency response to effects of COVID-19 (the Kyrgyz Republic) Kyrgyzstan, Grants, Health	Signed	03/18/2022
Financial credit to the Kyrgyz Republic Kyrgyzstan, Financial credit, Budget support and/or balance-of-payments support	Signed	03/05/2022
Electronic Labour Exchange Armenia, Grants, Social security and protection	Signed	12/27/2021
Energy efficient regions: activating instruments of public buildings’ energy efficiency increase and promoting «green energy» development Armenia, Grants, Good governance	Signed	12/27/2021
Improving Preparedness for the COVID-19 Pandemic in the Republic of Armenia: Detection and Response to Threats Posed by the Coronavirus Armenia, Grants, Health	Signed	07/07/2021
Mobile diagnostics of COVID 19 Tajikistan, Grants, Health	Signed	07/07/2021
Financial credit for Republic of Belarus Belarus, Financial credit, Budget support and/or balance-of-payments support	Completed	09/10/2020
Financial credit for Republic of Tajikistan Tajikistan, Financial credit, Budget support and/or balance-of-payments support	Signed	07/31/2020
Kambaratinskaya HPP-2 safety plan implementation Kyrgyzstan, Investment credit, Energy	Approved concept note	10/22/2019
Caravan of Health (The Republic of Tajikistan) Tajikistan, Grants, Health	Signed	12/29/2018
Caravan of Health (The Kyrgyz Republic) Kyrgyzstan, Grants, Health	Signed	12/29/2018
Improving Prevention and Control of Noncommunicable Diseases in Primary Health Care Armenia, Grants, Health	Signed	02/02/2018
Nurek HPP Rehabilitation (Phase I) Tajikistan, Investment credit, Energy	Signed	06/26/2017
Commissioning of the 2nd Hydroelectric Unit of the Kambaratinskaya HPP-2 in Kyrgyzstan Kyrgyzstan, Investment credit, Energy	Signed	09/23/2016
Stabilization credit for Republic of Belarus Belarus, Financial credit, Budget support and/or balance-of-payments support	Completed	03/25/2016
Construction of Mastara Reservoir in Armenia Armenia, Investment credit, Agriculture	Approved concept note	12/09/2015
Budget support credit to Armenia Armenia, Financial credit, Budget support and/or balance-of-payments support	Completed	10/29/2015
Second financial credit for the Republic of Tajikistan Tajikistan, Financial credit, Budget support and/or balance-of-payments support	Completed	07/03/2015
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