Full Form of ERAF
Full Form: | Eiropas Regionalas Attistibas Fonds (Latvian: European Regional Development Fund; est. 1957) |
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Category: | Regional |
Sub Category: | Regional Terms |
What is ERAF Full Form?
ERAF full form Eiropas Regionalas Attistibas Fonds (Latvian: European Regional Development Fund; est. 1957).
What is Eiropas Regionalas Attistibas Fonds (Latvian: European Regional Development Fund; est. 1957)?
The European Regional Development Fund (ERDF) is one of the European Structural and Investment Funds allocated by the European Union. Its purpose is to transfer money from richer regions (not countries), and invest it in the infrastructure and services of underdeveloped regions. This will allow those regions to start attracting private sector investments, and create jobs on their own.