On July 14, 2011, Policy Forum Armenia released its Annual Report covering fiscal years 2009-2010. Being the second one since the organization's inception, the Report offers a detailed account of PFA's activities and outputs produced during the period under review. It also offers an analysis of operational and institutional issues and challenges facing PFA in the near term and beyond. Please share your thoughts and feedback on the report with us at forum@pf-armenia.org.