Tag #Fly Arna

What is the immediate impact of the government's decision to allocate additional funds to the scandal-ridden ANIF Foundation?

The Armenian government will allocate another substantial sum, approximately 124 million AMD, from the state budget reserve fund to the ANIF Foundation, despite ongoing corruption scandals and accusations of misusing over \$60 million of taxpayer money. This allocation is ostensibly for settling tax liabilities and facilitating the foundation's liquidation, a process that, according to opposition MP Anna Grigoryan, may take years. The fund's dissolution was decided last summer but hasn't been completed.