of June 9, 2009
The Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, the Republic of Tajikistan and the Republic of Armenia (further - the founder states),
being guided by the decision of Interstate Council of Eurasian economic community (at the level of heads of states) of February 4, 2009 No. 415,
agreed as follows:
The founder states establish Anti-recessionary fund of Eurasian economic community (further - Fund) for the purpose of overcoming negative effects of world financial and economic crisis national economies, ensuring their economic and financial stability, and also for the purpose of assistance to further deepening of integration of economies of the State Parties of Fund.
Procedure for forming, placement and provision of fund, managements of fund, secession of members of Fund and the termination of transactions of Fund, and also the status of Fund are determined by the Regulations on Fonda which are appendix to this Agreement.
Fund is used for:
provisions of sovereign loans to the Fund State Parties for the purpose of overcoming negative effects of world financial and economic crisis;
provisions of stabilization loans to gosudarstvamuchastnik of Fund with the low level of the income;
financings of interstate investment projects.
Fund is provided on the terms of the paid nature, urgency and recoverability.
In that degree in what it is necessary for goal achievement of creation of Fund, and taking into account provisions of this agreement and Regulations on Fonda fund is free from any restrictions, instructions and moratoriums.
The size of the initial contributions of the founder states in Fund constitutes:
The Republic of Belarus - equivalent of 10 mln. dollars of the USA;
The Republic of Kazakhstan - equivalent of 1 bln. dollars of the USA;
The Kyrgyz Republic - equivalent of 1 mln. dollars of the USA;
The Russian Federation - equivalent 7, 5 bln. dollars of the USA;
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