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.
