President Ilham Aliyev has signed a decree on the establishment of the Karabakh Revival Foundation, a public legal entity. AZERTAC reported about this. According to the decree, the Karabakh Revival Fund provides financial support and investment for the restoration and reconstruction of the liberated territories of the Republic of Azerbaijan, as well as the transformation of the country into a region with a sustainable economy and high prosperity, development of public-private partnership. as well as a public legal entity that carries out the necessary campaign activities within the country and abroad.
A Supervisory Board is established to exercise general management and control over the Fund's activities.
The current management of the Fund's activities is carried out by the Management Board consisting of three members - the Chairman and his two deputies Funds are formed from donations of individuals and legal entities, grants and other sources not prohibited by law. The head of state also signed an order approving the composition of the Supervisory Board of the Karabakh Revival Foundation. According to the order, the following composition of the Supervisory Board of the Karabakh Revival Foundation was approved:
Mikayil Jabbarov - Minister of Economy of the Republic of Azerbaijan Mukhtar Babayev - Minister of Ecology and Natural Resources of the Republic of Azerbaijan Rovshan Rzayev - Chairman of the State Committee for Refugees and Internally Displaced Persons of the Republic of Azerbaijan Tural Ganjaliyev - Chairman of the Public Union of the Azerbaijani Community of Nagorno-Karabakh, Member of the Milli Majlis of the Republic of Azerbaijan Fatma Yildirim - Deputy of the Milli Majlis of the Republic of Azerbaijan Farhad Badalbeyli - Rector of the Baku Music Academy Adalat Muradov - Rector of the Azerbaijan State University of Economics Kamal Abdulla - Rector of the Azerbaijan University of Languages Alim Gasimov - People's Artist of the Republic of Azerbaijan.