EFSD concludes consultation on mid-term review of 2022-26 strategies

YEREVAN, June 26. /ARKA/.  The Eurasian Fund for Stabilization and Development (EFSD) has concluded a series of consultations with its member states to review the mid-term implementation of EFSD strategies in Armenia, Belarus, Kyrgyzstan and Tajikistan, the Fund reported on Wednesday. These consultations involed representatives from the ministries of finance, relevant agencies, and government organizations in each country.

The EFSD country strategies were developed and approved in 2022 in accordance with the Fund’s first medium-term strategy for 2022–2026. These strategies establish long-term priorities and objectives based on macroeconomic diagnostics and analysis conducted by the EFSD, taking into account the national development priorities of the member countries and the Fund’s financial and institutional resources.

The mid-term review of the implementation of the EFSD Strategy is taking place in 2024 to assess progress and update the strategy as necessary.

Participants in the consultations positively assessed the Fund’s activities, highlighting its key role in the Eurasian region as a center of support for macroeconomic stability and structural and institutional transformation.

The (EFSD) is a regional financial arrangement totaling US $9 billion, established in 2009 by Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The EFSD aims to promote economic and financial stability in its member states and support their sustainable development.