OREANDA-NEWS. Eurasian Development Bank (EDB) transferred the first, USD 500 million tranche of the financial credit from the Eurasian Fund for Stabilisation and Development (EFSD) to Belarus. The EFSD Council approved the tranche on 25 March 2016 following the Fund's Manager confirmation that Belarus has complied with all the eligibility criteria for the first tranche as of 1 March 2016.

Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan