WB’s investments in Azerbaijan exceed $3.122 bn

 WB’s investments in Azerbaijan exceed $3.122 bn
# 07 March 2013 09:43 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. During period of cooperation between Azerbaijani government and the World Bank, the Bank invested $ 3,122.3 mln in fulfillment of 56 projects in Azerbaijan, it was stated in the report on outcomes of 2012, APA-Economics reports.

According to the report, fulfillment of 36 projects costing $894.1 mln. Implementation of 20 projects is still underway.

Loan at mount of $1,741.1 mln was used as of January 1, 2013. This makes 54.5% of total amount of loans considered for the agreements.

Azerbaijan has been a member of WB since 1992.

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