Armed Forces Assistance Fund’s assets up
The assets of the Azerbaijan Armed Forces Assistance Fund have reached 45,264 million manat , $211,791 and 593 euros, the Defense Ministry said.
The armed forces fund was established under the decree issued by the President on August 17, 2002. The goals of the fund are to drive the development of Azerbaijan's armed forces, to strengthen the logistics and improve social security of servicemen.
The manager of the fund is the Azerbaijani President.
The fund, which is based in Azerbaijan's capital Baku, is financed by donations from private individuals and legal entities operating in the country, and revenues which are not prohibited by Azerbaijani laws.
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