Ensuring the future of Armenian Communities
The Armenia Support Fund was established in early 2020 to take on strategic initiatives impacting Armenians in both Armenia and around the globe.
During this COVID-19 pandemic our organization is focusing its efforts on raising funds to support small and medium size businesses (SMEs) in Armenia impacted by COVID-19.
Negative economic impacts of COVID-19 in Armenia:
Armenia’s GDP is projected to be 75% less than what it would have been before COVID-19
GDP growth is projected for the year at 1.7%, down sharply from 7.6% in 2019
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1 Source: World Bank: https://www.worldbank.org/en/country/armenia/overview#3