30.10.2009, 12:16 2644

Armenia ratified agreement on establishment of EurAsEC Anti-Crisis Fund

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

Almaty. October 30. Kazakhstan Today - Today, the National Meeting of Armenia ratified the agreement on establishment of the EurAsEC Anti-Crisis Fund, the 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.

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