18/12/2014 19:56
Armenia Development Fund to be set up
The Armenian government took a decision to set up Armenia Development Fund by merging the Industrial Development Foundation and the National Competitiveness Foundation of Armenia. The founder of the newly established fund is the Republic of Armenia on behalf of the Armenian government whose authorized body is Armenia’s Ministry of Economy.
The Fund’s regulations were approved and an acting director was appointed. The decision will enable to implement programs on economic development and competitiveness in a most coordinated way and to use funds efficiently.