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Eurasia Foundation pledges $2m in grants for 2005

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  • Eurasia Foundation pledges $2m in grants for 2005

    EURASIA FOUNDATION PLEDGES $2 MILLION IN GRANTS FOR 2005

    ArmenPress
    Dec 6 2004

    YEREVAN, DECEMBER 6, ARMENPRESS: The director of the Eurasia Foundation
    Armenia office, Ara Nazinian, told a last Friday news conference
    that the Foundation plans to provide Armenian non-governmental
    organizations with around $2 million grants next year. Since its
    inception in Armenia in 1995 the Foundation has made available some
    600 grants totaling $20 million.

    The bulk of that money came from the USAID, other major donors were
    well-known Armenian Diaspora financial organizations-Lincy Foundation,
    Kafesjian and Izmirlian Foundations, as well as the Open Society
    Institute.

    In the outgoing year the Eurasia Foundation has funded 70 projects
    with a total budget of $1.5 million and has approved another 25 new
    projects worth some $600,000. Almost two third of funding goes to
    non-governmental organizations, active in Armenia's regions. Ara
    Nazinian said the policy of the Foundation is to shift the work and
    investments from the capital Yerevan to regions.

    He said the main focus of next year's projects will be on projects
    of regional importance, which will cover improvement of business
    environment, development of local self-management bodies, improvement
    of conditions of local mass media and introduction of high technology
    in higher educational system.

    Along with that the Eurasia Foundation will fund all other projects
    which contain innovations and tend to strengthening of democratic
    society.
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