Karabakh revival fund formed in Azerbaijan
President of Azerbaijan Ilham Aliyev signed a decree on ensuring the activities of the Karabakh Revival Fund. The text of the document was published on the official website of the head of state.
By decree, the President approved the Charter and structure of the Foundation.
The authorized fund of the Karabakh Revival Fund is one million manat and is formed at the expense of the state budget.
In addition, within a month the fund must approve the wage fund, the number of employees and the amount of their salaries, as well as resolve other issues arising from the decree.
The Azerbaijani Ministry of Finance was instructed to provide the necessary funding.
President of Azerbaijan Ilham Aliyev signed a decree on the establishment of a legal entity of public law "Karabakh Revival Fund" on January 4. It will provide financial support and attract investment to the activities towards the restoration and reconstruction of the liberated territories of Azerbaijan, transformation of this region into a sustainable economy and a prosperous region, while ensuring the development of public-private partnership in this area, as well as carrying out necessary awareness campaigns at home and abroad.