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New public legal entity created in Azerbaijan


Azerbaijani President Ilham Aliyev signed a decree on measures to improve governance in the field of youth policy on March 7, APA reports.

 

 

According to the decree on the basis of the Youth Fund under the President of the Republic of Azerbaijan, the public legal entity "Youth Fund of the Republic of Azerbaijan" was established, and its Charter was approved.

 

According to the Decree, the size of the statutory fund formed at the expense of the state budget will amount to 115,000 AZN. The supervisory board of the new structure will consist of 9 people. The Foundation's activities, according to the Decree, will be led by the Executive Director appointed and dismissed by the Head of State.

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