On May 20, Armenian Deputy Prime Minister Mher Grigoryan met with Executive Director of the Eurasian Fund for Stabilization and Development (EFSD) Andrey Shirokov, reports the government's press service.
During the meeting, Grigoryan emphasized the importance of programs implemented jointly with the EFSD. The Deputy Prime Minister presented the reforms planned by the government and highlighted the prospects for cooperation with the fund in key areas.
The parties discussed the importance of Armenia's participation in major regional infrastructure projects, particularly noting the active role of the fund in the development of the country's infrastructure.
Earlier, BMG reported that the Eurasian Fund for Stabilization and Development allocated a $100 million loan to Armenia.
The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial structure with funds exceeding $9 billion, established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.
The fund's goal is to promote the economic and financial stability of its member states, as well as their sustainable development. In Armenia, the Fund's portfolio includes several programs amounting to over $540 million.
