Bank Of Baku

The World Bank approves $ 140 million to Azerbaijan

The World Bank approves $ 140 million to Azerbaijan
# 29 March 2016 01:45 (UTC +04:00)

The World Bank approved $140 million to fund the expansion of the Baku-Shamakhi highway, said in statement, APA reports quoting official website of the WB.

The Additional Financing will help complete upgrading of the Baku – Shamakhi road sections by expanding them from two to four lanes

 

Azerbaijani government addressed an official request to the World Bank for additional funding to expand the Baku-Shamakhi highway.

 

The World Bank has also allocated a loan of $ 10 million to Belarus. Funds are allocated for the modernization of budget management system.

 

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