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Azerbaijan to get $ 4 billion from the IMF and World Bank - UPDATED

Azerbaijan to get $ 4 billion from the IMF and World Bank - <span style="color: red;">UPDATED

28 January 2016 11:01 (UTC +04:00)

APA-Economics reports citing to Reuters that Azerbaijan intends to attract $ 3 bln from IMF, $1 bln from WB.

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08:10

Baku – APA-Economics. Azerbaijan holds negotiations with the International Monetary (IMF) Fund and the World Bank (WB) on allocation of 4 bln loan package, the IMF representative told “Financial Times”, APA reports.

According to him, the IMF and the World Bank delegation will arrive in Baku to discuss the loan package with Azerbaijani government within Jan 28 – Feb 4.

He noted that the loan package could be the first financial assistance to Azerbaijan spurred by plunging oil prices.

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