USD 1.7

Baku 24 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Azerbaijan sits among the top World Bank borrowers

Azerbaijan sits among the top World Bank borrowers

17 September 2008 14:46 (UTC +04:00)

Baku. Vugar Mustafayev - APA-Economics. The World Bank Group extended loans, credits, grants, equity investments, and guarantees totaling nearly US$8 billion to Central Asia in this fiscal year that came to the end on June 30, 2008.
This is a 33% increase billion over the previous year, demonstrating the institutionâ€™s increasing role in the region.
During the fiscal year, $489 million went to effective governance, $479 million to construction of road infrastructure, $424 million to trade and $405 million to construction of railways.
Azerbaijan ($1.267 billion) was one of the largest borrowers in that fiscal year, followed by Turkey ($1.203 billion) and Ukraine ($690 million).
Besides, Uzbekistan borrowed $68 million, Georgia $58 million, Kyrgyzstan $31 million and Moldova $30 million from the World Bank during that fiscal year.

Finance

Iran says card-based banking hit by cyberattack on three lenders

Iran says card-based banking hit by cyberattack on three lenders

EBRD allocates €230 million for development of the Trans-Caspian Corridor

EBRD allocates €230 million for development of the Trans-Caspian Corridor

Central Bank to announce next decision on interest rate

Central Bank to announce next decision on interest rate

2026 IsDB Group Annual Meetings conclude with $6 billion in financing agreements

2026 IsDB Group Annual Meetings conclude with $6 billion in financing agreements

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED