December 21, RA Minister of Finance Tigran Davtyan will participate in the first session of EurAsEC Anti-crisis fund council in Moscow.

The number of documents related to Fund activities in 2010 will be discussed and approved at the council session, RA Finance Ministry informs. In particular, the regulations of the Anti-crisis fund expert board, size and the sequence of funds’ allocation will be endorsed.

The agreement on creation of EurAsEC Anti-crisis fund was signed by the heads of 9 member- states governments this June in Moscow. The fund’s statutory capital will total up to $10bn, having Russia’s share of $7.5bn, Kazakhstan — $1bn, Belarus — $10m and $1m – for other countries, including Armenia.
On December 17, Armenia already delivered 10% of the amount to the fund, while the rest 90% will be allotted in bills under the terms of the treaty.

A.G.