ARMENIA RATIFIED AGREEMENT ON ESTABLISHMENT OF EURASEC ANTI-CRISIS FUND

Gazeta.KZ
Oct 30 2009
Kazakhstan

Today, the National Meeting of Armenia ratified the agreement on
establishment of the EurAsEC Anti-Crisis Fund, Kazakhstan Today agency
reports citing Armenia News.

"The National Meeting also ratified the agreement on management of
the EurAsEC Anti-Crisis Fund’s assets."

According to Vice Minister of Finance of Armenia, Vardan Aramyan,
the funds will be controled by the Eurasian Bank of Development.

Total sum of the initial payments of the state-founders is $8 billion
513 million. Russia’s contribution – $7.5 billion, Kazakhstan – $1
billion, Belarus – $10 million, Kyrgyzstan, Tajikistan and Armenia –
$1 million each."Kyrgyzstan will pay 90 % in the form of bills.