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Hayastan All-Armenian Fund Board of Trustees Gathers for Annual Mtg

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  • Hayastan All-Armenian Fund Board of Trustees Gathers for Annual Mtg

    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: [email protected]
    Web: http://www.himnadram.org/02 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.
    ###

    Hayastan All-Armenian Fund
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