Bank Of Baku

AZN 80 mln to be allocated to fulfillment of State Program "Azerbaijani youth in 2011-2015"

AZN 80 mln to be allocated to fulfillment of State Program "Azerbaijani youth in 2011-2015"
# 13 December 2011 08:40 (UTC +04:00)
Baku. Ali Ahmadov - APA-Economics. AZN 80 mln will be allocated to fulfillment of State Program "Azerbaijani youth in 2011-2015", deputy minister of youth and sports Intigam Babayev said.

To him, allocation of funds will start from 2012.

Babayev noted that next year new body titled Youth Fund will be established in the sphere of youth development. The Fund is considered for implementation of projects in scientific, cultural, education, social development and other spheres.

Deputy minister noted that regulations of Youth Fund is already ready: “Next year, after the confirmation of regulations, the fund is expected to start its activity. The fund maybe financed both from state budget and outside. This includes endowment, grants, incomes got as a result of fund’s activity and etc.”
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