RA Finance Minister off to Moscow
On December 21, 2009, Armenia's Minister of Finance Tigran Davtyan will participate in the first sitting of the Anti-crisis Fund of the Eurasian Economic Community (EurAsEC).
On June 9, 2009, Heads of Government of the EurAsEC member states signed an agreement on establishing the EurAsEC Anti-crisis Fund in Moscow.
The charter capital of the anti-crisis fund will total $10 billion. Russia will inject $7.5 billion into the fund, Kazakhstan - $1 billion and Belorussia - $10 million. Other countries, including Armenia, will invest $1 million. Armenia transferred 10% of the sum on December 17.
During today's sitting the participants are expected to discuss and adopt a number of documents related to the Fund's activity in 2010. In particular, they will approve the charter and staff of the Expert Council of the Fund, the order of money allocations, etc, the reports the press service of the RA Ministry of Finance.
