Eurasian Fund for Stabilization and Development will allocate a loan of $300 million to Armenia, Russian Deputy Finance Minister Sergey Storchak said.

The experts of the Fund are working with the Armenian officials, but a political decision has been made, he added.

The loan will be provided in three tranches with intermediate discussions of lending goals, RIA Novosti reported.

Eurasian Fund for Stabilization and Development (the former EURASEC Anti-crisis Fund) is an international financial institution established by Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia and Tajikistan with the goals to assist its member states in overcoming the consequences of global financial crisis, to ensure their long-run economic stability and to foster economic integration of EFSD member-countries.