PRESS RELEASE
The Armenia Fund
Governmental Buiding 3, Yerevan, RA
Contact: Hasmik Grigoryan
Tel: +(3741) 56 01 06 ext. 105
Fax: +(3741) 52 15 05
E-mail: pr@himnadram.org
Web: June, 2008
Hayastan All-Armenian Fund Board of Trustees Gathers for its Annual Meeting
Yerevan, June 2, 2008 – Hayastan All-Armenian Fund gathered for its annual
board of trustees’ meeting on May 27, 2008 at the Government House of
Receptions in Yerevan.
The newly elected President Serzh Sargsyan convened the 17th meeting of the
Fund and introduced the new member trustees to the board: President of
Nagorno Karabakh Bako Sahakyan, Prime Ministers of Armenia and Nagorno
Karabakh Tigran Sargsyan and Araik Harutyunyan, Ministers Eduard Nalbandyan
(represented by the deputy minister Gegham Gharibjanyan at the meeting) and
Tigran Davtyan attended the Fund’s annual meeting as ex officio members of
the board. Ramkavar Liberal-Democratic Party was represented in the board by
George Manoukian.
Chairmen and members of the Fund’s local committees, employees of the
executive board attended the meeting along with the board members.
In acknowledgement of their valuable contribution to Armenia’s well being
President Serzh Sargsyan awarded Mr. Weidemann (Germany), Mikael Baghdasarov
(Armenia), ACBA-CREDIT AGRICOLE Bank, Ardshininvestbank, Karabakh Telecom,
VivaCell mobile operator with certificates.
The Board approved the Fund’s Executive Director Vahe Aghabegians’ report on
the Fund’s activities over the last year.
"In 2007, the Fund continued realizing initiatives aimed at addressing the
most pressing issues that our compatriots living in Armenia and Artsakh face
today. The spectrum of projects covered by the Fund included social and
general infrastructure renovation, installation and modernization
initiatives.I would still like to single out several notable initiatives,
particularly the completion of over 30km long Martakert water pipeline. From
the ongoing projects, I would like to single out the construction of Hadrut
gas pipeline, the reconstruction of the Hadrut community hospital, as well
as renovation of Artsakh’s Togh village school. I am also happy to make
special notice of an assistance agreement reached with the government of
Karabakh, according to which, work has already commenced on unfinished
sections of the North South Highway", said the executive director in his
speech.
Vahe Aghabegians made his recommendations on how the Fund’s work can be made
more efficient, and namely, by increasing the fundraising capacity of the
Fund, as well as by amending its existing policy and guidelines, including
the charter of the Fund.
"Today, Hayastan All-Armenian Fund is a fully operational structure with
extensive experience and a sixteen year history of accomplishment. Still, as
every functioning organism, it too needs to develop and evolve to be better
suited to effectively address the new, more complex challenges that we
currently face", Vahe Aghabegians said.
Full summary of the maintenance monitoring results for the Fund’s projects
for 2002-2007 was introduced to the board as part of the tasks the Fund
executive board was assigned to accomplish at the board meeting last year.
The Rural Development Program in Karabakh and Armenia adopted by the Fund
Board of Trustees meeting in June 2007 will remain the Fund’s principal
course of activity as well as the target of its upcoming telethon in
November. The program will continue to support the Armenian and Karabakh
governments’ current national policy in order to meet a wider set of needs
in the socio-economic field and provide integral solutions to poverty
reduction in the country.
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Hayastan All-Armenian Fund