OREANDA-NEWS. June 23, 2010. Eurasian Development Bank, bonds of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE that the Crisis Management Fund (CMF) of Eurasian Economic Council satisfied the first application to receive funds from the Fund. At the meeting in St. Petersburg the CNF Council consisting of representatives of Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Armenia enacted to issue a loan to Tajikistan in the size of USD70 m with the fixed interest rate of 1 % APR  for 20 years, reported the press-centre of KASE.

The loan goal is to support the planned level of budget funding of social sectors (education, healthcare, social protection). The CMF Council Chairman recommended Tajikistan to support budget costs for healthcare, education and social protection at the level not lower than before the crisis and support government financial management reforms announced by the Governemnt in its Crisis Management Program.

In its statement EDB recommended the CMF Council to plan Tajikistan support an distribute the limit of access of Tajikistan to funds of CMF in the size of USD170 m for three years in equal parts and reserve about 30-40% of the limit for investment cooperation under Eurasian Economic Council.