30 years pass since World Bank's first loan to Azerbaijan

30 years pass since World Bank
# 24 April 2025 16:23 (UTC +04:00)

It has been 30 years since the World Bank allocated its first loan to Azerbaijan, APA-Economics reports citing the Bank.

It was noted that the World Bank’s Oil Sector Technical Assistance Project funded advisory services to promote foreign investment in the country’s oil sector, with a total allocation of $20.8 million. This included support for improving the legislative framework and addressing numerous issues within the oil industry.

Note that to date, the World Bank has provided more than $4.5 billion in funding to Azerbaijan for over 50 projects.

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