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16th Meeting of Armenia Fund Board of Trustees Convenes in Yerevan

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  • 16th Meeting of Armenia Fund Board of Trustees Convenes in Yerevan

    Armenia Fund USA, Inc.
    80 Maiden Lane, S-301,
    New York, NY 10038
    T/1-212-689-5307
    F/1-212-689-5317
    E-mail: [email protected]
    Web: http://www.armeniafundusa.org


    The 16th Meeting of Armenia Fund Board of Trustees Convenes in Yerevan

    NEW YORK, New York - Armenia Fund is pleased to announce that the 16th
    meeting of Armenia Fund Board of Trustees convened in Yerevan on June 19,
    2007. Chaired by President Robert Kocharian, the meeting opened with the
    spirit of the Fund's 15th anniversary and an acknowledgement of the
    importance of the organization in carrying out nation-building tasks since
    the birth of the independent Armenian Republic. `Armenia Fund is a most
    important institution uniting Armenians in the homeland and in the Diaspora,
    and has brought together the efforts of all the segments of our people
    vis-à-vis pan-national tasks and goals for one-and-a-half decades now. For
    this, I congratulate the Fund on its 15th Anniversary', President Kocharian
    addressed the audience.

    Led by the prayers of His Holiness Karekin II, Catholicos of All-Armenians,
    the session began with a review of the completed projects for the past year
    and approved the undertakings of the coming year. An end-of-the-year
    statement of the Fund's activities was introduced with its various programs
    and results. Rebirth of Artsakh Regional Development Program was assessed as
    contributing significantly to the economic upsurge of Nagorno-Karabakh and
    the well-being of its people.

    As a natural development of the Fund's mandate, Armenia Fund affiliates
    adopted the Rural Development Program to extend the comprehensive
    infrastructure and economic development to Armenia's villages.
    Foreign Minister Vartan Oskanian, member of the Board of Trustees, presented
    to the representatives of all affiliates of the Fund with an overview of the
    Rural Development Program - its mission, objectives and approaches in
    partnership with individuals, Diaspora organizations, local Armenian NGOs,
    international organizations, as well as individual countries. An agreement
    was reached by all the affiliates to continue the regional development
    program already in place in the Mardakert and Hadrut regions of Karabakh and
    to expand it into Martuni. At the same time, Rural Development Program will
    begin with a cluster of villages in Tavush region of Armenia. Minister
    Oskanian, later appointed to be the coordinator of the Rural Development
    Program by the Board, noted that this program will complement the Armenian
    Government's efforts in this area. There are already several dozen
    individuals and organizations ready to sponsor specific infrastructure and
    economic needs of each village. The leadership of the Fund acknowledged that
    this is a complex program with noble goals, and joining efforts is a
    prerequisite for success.

    The Board of Trustees' of Armenia Fund approved Vahe Aghabekiants as
    Executive Director of the Fund. Mr. Aghabekiants succeeded Ms. Naira
    Mekloumian who had served for nearly four years in the position leading the
    organization into one of its most significant phases and having had great
    input in its growth.

    Mr. Aghabekiants, an engineer by training, has served as advisor to Foreign
    Minister Oskanian since 1999. In the last 18 months, he has worked
    specifically on the conceptualization and planning of the Rural Development
    Program. Born in Tehran, Mr. Aghabekiants was educated in the U.S. where he
    established several successful businesses in the IT sector serving Fortune
    500 companies. `I believe in the mission of Armenia Fund. This is the unique
    institution that can make it possible for Armenians around the world to
    contribute to Armenia's development. I am one of those lucky Diasporans that
    dreamed about an independent Armenia, and today have the opportunity to help
    turn that Armenia into the land of our dreams', he says.
    The affiliates of Armenia Fund also discussed the preparatory works for the
    Annual Armenia Fund Telethon to be held on Thanksgiving Day, November 22,
    2007. The Telethon will feature the 15th Anniversary of Armenia Fund
    presenting the organization's successes in changing countless lives in
    Armenia and Karabakh.

    An important highlight of the Trustees' meeting was a reward ceremony during
    which several individuals were awarded with Anania Shirakatsi medals for
    their devotion, leadership and valuable service to the Fund. Kevork Toroyan
    was among the awardees, and was handed the medal by President Kocharian..
    Mr. Toroyan chaired Armenia Fund USA's Board of Directors for several years,
    and has been closely involved with the planning and implementation of the
    Agricultural Initiative, the economic underpinning of Regional Development
    Program in Nagorno-Karabakh. The Initiative proved successful in creating
    jobs and raising family income of small farming communities in more than 21
    villages in Karabakh.

    Raffi Festekjian succeeded Mr. Toroyan as chairman of Armenia Fund USA in
    January, 2007. Mr. Festekjian headed the Fund's participation to the 16th
    meeting of the Board of Trustees. `We have had a very productive exchange of
    ideas and opportunities. Armenia Fund is given a strategic task -
    revitalization of Armenia's villages. Today, we can build on our 15-year
    experience of nation-building and make rural areas a great place to live and
    raise a family. The Rural Development Program is a complex initiative, but
    together we can meet these challenges. I call upon the Diaspora, supporters
    and friends of Armenia Fund to join efforts and help us develop rural
    Armenia one village at a time, and assist in creating the `Armenian Dream'.
    Our vision is for Armenia to become an economically independent and
    competitive nation where its citizens' aspirations can be fulfilled and
    dreams realized', said Mr. Festekjian after the meeting.

    The Armenia Fund Trustees' meeting closed with an agenda full of new
    undertakings and collaborations. The annual meeting elected National
    Assembly President Tigran Torosyan and Prime Minister Serge Sargsian ex
    officio members of the Board of Trustees.

    The year 2007 marks the 15th Anniversary of Armenia Fund - a pillar
    organization created after Armenia's independence and mandated with the
    vital task of uniting all Armenians around the world to direct efforts
    toward development and revival of the nation. For 15 years the Fund, with
    its 20 affiliates across the globe, has touched countless lives in Armenia
    and Karabakh. Combining aid, development and direct investment, Armenia Fund
    has engaged Armenia's leaders, its people and the worldwide Diaspora to
    promote education, create jobs, improve public health and develop
    infrastructure, among other critical humanitarian needs. Today, Armenia
    Fund's contributions to social and economic prosperity of Armenia and
    Karabakh are unprecedented.
    The 15th Anniversary of Armenia Fund is a celebration of the past, present
    and future of the Armenian people. It is a celebration of overcoming
    challenges by working together. Above all, it is a celebration of humanity,
    courage and hope.
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