ARMENIA TO CONTRIBUTE $1 MILLION TO EURASEC ANTI-CRISIS FUND

/PanARMENIAN.Net/
20.05.2009 17:14 GMT+04:00

/PanARMENIAN.Net/ EurAsEC Financial and Economic Policy Council has
adopted an anti-crisis action plan and set up an anti-crisis fund, Vice
Premier and Finance Minister of Russia Alexei Kudrin told reporters
following the EurAsEC session that was held in Moscow on May 20.

EurAsEC member states coordinated their aggregate contribution to the
EurAsEC anti-crisis fund which it to amount to $10 billion. According
to Alexei Kudrin, Belarus will determine its individual contribution
by the end of May 20.

Russia will contribute $7.5 billion, Kyrgyzstan, Tajikistan and
Armenia – $1 million each; Kazakhstan will allocate $1 billion.

The countries do not plan to fill the fund right away. "We will
discuss the replenishment of the fund and reaching $10 billion as
the money is utilized," Alexei Kudrin explained. He informed that the
fund will start working as soon as the relevant agreement is ratified
which might take up to three months, BelTA reported.