Founders/Donors
German-Armenian Fund Program Management Unit was established by order N 518 of September 14, 2001 of the Chairman of the Central Bank of Armenia.
The founder of the institution:
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Central Bank of Armenia (www.cba.am)
Loan Programs of GAF are financed by the following donors:
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KfW Bankengruppe (www.kfw.de)
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The World Bank (www.worldbank.org)
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Government of the Republic of Armenia (www.gov.am)
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Asian Development Bank (www.adb.org)
- European investment Bank (www.eib.org)