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The 18th BSEC Council of Ministers of Foreign Affairs that
was held in Kyiv on 17 April 2007, agreed on the establishment of the "BSEC Hellenic Development Fund - BSEC HDF", according to article 26 of the BSEC Charter.
The 21st BSEC Council in Baky on 22 October appointed the BSEC-HDF Manager following which the Fund has launched its full operations on 1st November 2009.
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