May 25, 2009 - 23:18 AMT
All Armenian Bank to fund national projects
During its regular council session held in Yerevan on May 24, RA National Competitiveness Fund (NCF) discussed issues concerning the foundation of All Armenian Bank. Presiding over the session was RA Prime Minister Tigran Sargsyan, RA Government's Press Service reports.

According to the Government release, All Armenian Bank will fund national projects containing innovative elements which will be implemented by Armenian community representatives all over the world.

The discussion also focused on issues concerning the Government's steps towards overcoming crisis impact and promoting steady development of competitiveness in Armenia.

In addition, Council members approved the list of events aimed at implementation of programs in spheres of healthcare, education and tourism.

The session was attended by President's Chief Economic Advisor Vahram Nersisyants, RA Minister of Economy Nerses Yeritsyan, Finance Minister Tigran Davtyan, FM Edward Nalbandyan, CBA Chairman Arthur Djavadyan, Troyka Dialog company's Director Ruben Vardanyan, McKINSEY & Co Munich office Director Andre Andonyan, Wolters Kluwer PCi company's Executive Director Raffi Festekjyan, WB Yerevan office manager Aristomene Varoudakis and NCF Executive Director Bekor Papazyan.