According to the agreement signed by Azerbaijani Finance Minister Samir Sharifov and German Ambassador to Azerbaijan Heidrun Tempel, German government will allocate €370 mln preferential loans to Azerbaijan via KfW bank. According to intergovernmental agreement, €220 mln will be directed to program related to improvement of water supply in Ganja and Shaki and Communal Infrastructure program. At the same time, € 130 mln will be directed to the project “Open program on renewable energy and energy efficiency”, €20 mln – to the program “Waste management cleanly”.
It was noted that at the signing ceremony that Azerbaijan and Germany have being cooperated since 1993.
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