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Armenia Establishes Fund For Territorial Development

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  • Armenia Establishes Fund For Territorial Development

    ARMENIA ESTABLISHES FUND FOR TERRITORIAL DEVELOPMENT

    Vestnik Kavkaza, Russia
    Dec 25 2014

    25 December 2014 - 4:33pm

    The Social Investment Fund of Armenia has been renamed. Now it is the
    Territorial Development Fund of Armenia. The decision was approved
    at today's cabinet meeting.

    Armenia establishes Fund for Territorial Development

    The Social Investment Fund of Armenia has been renamed. Now it is the
    Territorial Development Fund of Armenia. The decision was approved
    at today's cabinet meeting.

    The main objective of the renaming is ensuring the implementation of
    investment programs in communities, as a result of which the existing
    imbalance in the Armenian territorial socio-economic development will
    be ameliorated, Armenia Today cites a cabinet statement.

    The World Bank (WB) plans to actively promote the implementation
    of the country's development strategy. This fact is reflected in
    the document named "Partnership Strategy 2014-2017 biennium of the
    country." which was designed for Armenia. The main emphasis of this
    document is placed on accelerated economic growth. The Government
    will receive assistance to achieve this goal.

    In addition, various donors will consistently promote the
    implementation of programs aimed at different aspects of territorial
    development. In addition, this assistance needs to be coordinated to
    ensure its maximum efficiency

    The main objective of the renaming is ensuring the implementation of
    investment programs in communities, as a result of which the existing
    imbalance in the Armenian territorial socio-economic development will
    be ameliorated, Armenia Today cites a cabinet statement.

    The World Bank (WB) plans to actively promote the implementation
    of the country's development strategy. This fact is reflected in
    the document named "Partnership Strategy 2014-2017 biennium of the
    country." which was designed for Armenia. The main emphasis of this
    document is placed on accelerated economic growth. The Government
    will receive assistance to achieve this goal.

    In addition, various donors will consistently promote the
    implementation of programs aimed at different aspects of territorial
    development. In addition, this assistance needs to be coordinated to
    ensure its maximum efficiency.

    http://vestnikkavkaza.net/news/politics/63834.html

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