Bank Of Baku

Open Society Institute- Assistance Foundation allocates 250 grants worth USD 2mln in 2008

Open Society Institute- Assistance Foundation allocates 250 grants worth USD 2mln in 2008
# 25 February 2009 14:23 (UTC +04:00)
Baku. Victoria Dementieva-APA. Open Society Institute- Assistance Foundation has today presented its annual report, APA reports.
The budget of foundation covered USD 3 224 718 last year and USD 2 343 867 allocated by the foundation.
OSIAF Executive Director Farda Asadov said that 250 grants worth USD 2mln were allocated last year . 24% of grant was available for health, 10% for programs on development of civil society, 5% for women programs, 7% for education and media, 5% for cultural programs, 2% youth programs. Asadov added that the foundation tried to determine transparency of financial sources at a maximum level and use the grants transparently. Asadov did not provide information about 2009 budget and said that it would be close to 2008 budget. He stressed that world economic crisis would not have impact on realization of the projects by the foundation.
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