For Immediate Release
May 26, 2006
ALL-ARMENIAN FUND INTERNATIONAL AFFILIATES’ ANNUAL MEETING CONVENES
15th meeting of the Board of Trustees assesses
the progress of the organization and sets priorities for the future
development of Armenia and Karabakh
NEW YORK, New York – Leadership from Armenia Fund USA traveled
to Yerevan, Armenia for All-Armenian Fund International Affiliates’
annual meeting which convened on May 5, 2006. The conference brought
together the leadership of all 19 affiliates from all over the
world to review progress of the organization since the last annual
meeting and set priorities for development. Chaired by the President
of the Republic of Armenia His Excellency Robert Kocharian, the
meeting took place at the Government Reception House in Yerevan
creating a momentum for sharing a common mission among all affiliates
– the task of ensuring the well-being of Armenia and Nagorno-Karabakh
through large-scale infrastructure and socio-economic development
and sustainability. Apart from assessing the benchmarks of success,
the meeting also approved the 2005 report of the Executive Board,
discussed agenda items important for ensuring the successful implementation
and continuity of current projects, took decisions on the 2006
beneficiary program, as well as elected new members to the International
Board of Trustees.
Before starting the session, led by the prayers of His Holiness
Karekin II, Catholicos of All-Armenians, the Board Members and
the leadership of the Fund paid tribute with a moment of silence
to the victims of Armavia Flight 967 that just days earlier had
claimed the lives of more than ten dozen people. The Republic
had announced a two-day national mourning after the terrible catastrophe.
Moment of Silence
to the victims of Armavia Flight 967 at the Affiliate’s
The approval of the 2005 annual report of the Executive Board,
prepared by an independent French-American accounting firm, addressed
the financial standing of the organization, and presented the
Fiscal Year 2005 financial audit of All-Armenian Fund on the one
hand, and of the construction procedures of projects on the other.
The report summarized funds received and expenses incurred for
the fiscal year concluding that the financial standing of the
organization “is clearly in accordance with International Financial
Reporting Standards”, which, most significantly, gave account
of the transparency and maintenance of internal procurement standards.
President Robert Kocharyan
chairing Affiliates Annual Meeting in Yerevan
Fund’s Annual Meeting of the Board of Trustees convenes
at the Government Reception House in Yerevan
An important agenda item under discussion during the annual meeting
was the “Rebirth of Artsakh” Regional Development Program
for Nagorno-Karabakh –a three year, three region comprehensive
development plan approved last year to provide socio-economic
assistance to Nagorno-Karabakh. The participants confirmed the
continuity of the program and provided information on preparatory
works done to this date. The participants also took decisions
on directing Telethon 2006 to the implementation of the “Rebirth
of Artsakh” program. Funds raised through the fundraising
telethon will be directed to the rehabilitation, reconstruction
and development of the Hadrout and Mardakert regions in Nagorno-Karabakh.
The meeting also touched upon the rural poverty eradication program
introduced during the meeting by Minister of Foreign Affairs of
the Republic of Armenia Mr. Vartan Oskanian, a Trustee of the
Fund. Hayastan All-Armenian Fund was tasked with the coordination
of the Rural Development Scheme for 159 border villages in Armenia.
The program is an integrated approach toward poverty reduction
in the rural villages of Armenia, particularly those located close
to the border. It is a broad effort to provide the necessary development
support in the form of technical and infrastructure intervention
to ensure the economic sustainability of rural communities. Apart
from overall socio-economic development impact, the program is
expected to leverage effects of rural poverty on migration, geopolitical
security and regional stability. A commission was set up to study
the program and the timing in detail, put forth suggestions on
jointly implementation of the program with other projects of the
Fund and integrate efforts toward regional development.
Chairman of Armenia Fund
USA, New York Kevork Toroyan (center) and Executive Director
Irina Lazarian (right) at the Affiliates Meeting
President Robert Kocharyan
and Chairman of Armenia Fund USA Kevork Toroyan discussing
the Fund’s Agricultural Initiative for Nagorno-Karabakh
A meeting of all affiliates of Hayastan Himnadram took place
on May the 4th at the campus of the American University of Armenia
to exchange views and discuss common operational challenges. During
the meeting representatives from respective affiliates introduced
progress reports and project coordination details. Armenia Fund
USA, led by Chairman of the Board of Directors Mr. Kevork Toroyan
and Executive Director Ms. Irina Lazarian, introduced details
on the implementation of the Agricultural Initiative for
Mardakert region of Nagorno-Karabakh and parameters of cooperation
with local authorities to ensure maximum efficacy of the program.
The Initiative is the economic underpinning of the “Rebirth
of Artsakh” Regional Development Program launched by affiliates
in spring of 2006, and is a strategic plan to increase rural household
income by boosting region’s agricultural economy.
Affiliates’ meeting at American
University of Armenia
Armenia Fund USA representatives concluded the trip with visits
to project sites, as well as meetings with Karabakh farmers to
listen to their concerns and input about the new program.
The annual meeting elected three new members to the International
Board of Trustees, among them Mark Geragos, U.S. based attorney
who has been very supportive of the Fund’s overall efforts in
the United States, Hasmik Terterian of Armenian Relief Society
and Mike Kharapian of Ramkavar Liberal-Democratic Party.
ABOUT ARMENIA FUND USA: ARMENIA FUND USA, founded in 1992,
was the first of Hayastan All-Armenian Fund’s 19 international affiliates and serves constituents in all states east of the Mississippi.
As a non-profit, non-governmental, nonsectarian organization,
the Fund represents all Armenian constituents.
Armenia Fund USA is the largest contributor among the 19 international affiliates – supporting strategic infrastructure projects in Armenia
and Karabakh, and having helped build 138 miles of roads, 100
miles of waterways, 36 schools, 3 electric transmission networks,
210 residential buildings and 15 healthcare institutions.
Armenia Fund USA’s Mission is the development of strategic
socio-economic infrastructure in Armenia and Karabakh, focusing
on major projects such as major highways, schools, drinking water
to communities and humanitarian programs in education, training
and medical facilities. The Fund has adopted a policy to go “Beyond
Bricks and Mortar” to provide sustainability for projects it sponsors.
To learn more about Armenia Fund USA, please visit
our website at
or call us at 212-689-5307.
Armenia Fund USA
80 Maiden Lane, Suite 301
New York, NY 10038