Davtyan will partake in the sitting of the anti-crisis fund

Today the RA Minister of Finance Tigran Davtyan will partake in the first sitting of the Anti-crisis Fund of the Eurasian Economic Community (EurAsEC), informs the information and public relations department of the RA Finance Ministry.

The Heads of Government of the EurAsEC member states signed the agreement on establishment of the Anti-crisis Fund of the Eurasian Economic Community in Moscow on June 9. The charter capital of the anti-crisis fund will be $10 billion. Russia will invest $7.5 billion into the fund, Kazakhstan $1 billion, Byelorussia $10 million and the other countries, including Armenia, will invest $1 million. Armenia transferred 10 of the sum on December 17.

Armenia has already transferred the 10% of the money, and the other 90% will be delivered by the promissory note.

During today’s sitting the participants are expected to discuss and adopt a number of documents related to the Fund’s activity in 2010. In particular, they will approve the charter and staff of the Expert Council of the Fund.