Azerbaijan discusses organizing COP29 with World Bank

Azerbaijan discusses organizing COP29 with World Bank
# 29 January 2024 17:42 (UTC +04:00)

The Minister of Economy of the Republic of Azerbaijan Mikayil Jabbarov has met with the Country Manager for the World Bank in Azerbaijan Stefanie Stallmeister, the Ministry told APA-Economics.

The minister of economy, emphasizing the importance of multidirectional relations and efficient cooperation with the World Bank, noted the successful partnership in improving the investment environment, public-private sector partnership, innovation, development of management technologies, supporting entrepreneurship and other areas.

The Country Manager for the World Bank in Azerbaijan Stefanie Stallmeister stressed the international organization that she’s representing, attaches importance to cooperation with Azerbaijan and that the World Bank will continue the support to achieve the development priorities of Azerbaijan.

During the meeting, the main strategic directions which are included in the new Country Partnership Framework document reflecting Azerbaijan's development priorities and plans in the short and long term, which will prepared by the World Bank Group, were presented.

The document will contribute to regional and global challenges by aligning with the Road Map, developed for the purpose of expanding cooperation with the World Bank, as well as, to determine opportunities to strengthen private sector development and mobilize private capital.

At the meeting, Azerbaijan’s development priorities, the matters to be reflected in the Country Partnership Framework document and organizing COP29 in Azerbaijan were discussed.

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