Bank Of Baku

Azerbaijan implements 41 projects with international financial institutions

Azerbaijan implements 41 projects with international financial institutions
# 16 July 2014 11:55 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. 41 projects in the worth of $7.2 bln are being implemented as a result of Azerbaijan’s cooperation with the 14 international financial institutions, said the Minister of Economy and Industry Shahin Mustafayev.

 

According to him, these projects include transport, water supply and sewerage, agriculture, finance, ecology and other spheres.

 

35% of Azerbaijan’s loan portfolio belongs to World Bank, 16% to Asian Development Bank, 10% to EBRD and 6% to Islamic development Bank.

 

Mustafayev also noted that 70 projects in the worth of $200 covering management, justice, agriculture, regional development, transport, water supply and sewerage are being implemented with the 20 donor organizations.

 

 

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