Bank Of Baku

WB to allocate more $ 125 mln to Azerbaijan

WB to allocate more $ 125 mln to Azerbaijan
# 05 August 2011 11:26 (UTC +04:00)
According to him, The Board of Directors has affirmed three projects within the new partnership strategy on Azerbaijan and these are the project of modernization of capital market, water supply project and modernization of court system:”The loan agreement on all of three projects is expected to sign recently”.

Note that, WB will allocate $12 mln to first project, $ 80 mln – to second project and $ 33.4 mln to – third project.

He also noted that, WB has completed more two projects on Azerbaijan: “One of them is the project of pension and social assistance and the second is irrigation system project”.

Remind that, Azerbaijan has been in cooperation with WB since 1992.
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