11.12.2009, 13:10 2490

Parliament ratified contract on establishment of EurAsEc anti-crisis fund

Today, at the plenary session, the deputies of the Senate of Parliament of Kazakhstan passed the laws on ratification of the agreement on establishment of the anti-crisis fund of the Eurasian Economic Community (EurAsEC) and on ratification of the agreement on management of the anti-crisis fund, the agency reports.

Astana. December 11. Kazakhstan Today - Today, at the plenary session, the deputies of the Senate of Parliament of Kazakhstan passed the laws on ratification of the agreement on establishment of the anti-crisis fund of the Eurasian Economic Community (EurAsEC) and on ratification of the agreement on management of the anti-crisis fund, the agency reports.

According to the conclusion of the Senate Committee for International Relations, Defense and Security, the decision on establishment of the joint anti-crisis fund was accepted in December, 2008 by the Presidents of Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Armenia at the informal summit in Borovoy.

The fund was founded to overcome the negative consequences of the world financial and economic crisis by the national economies, to maintain their economic and financial stability and to assist further strengthening of cooperation of the economies of the state-participants of the fund.

Total amount of the fund - $8 billion 513 million.

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