AZN 11.765bn to be invested in Azerbaijan’s economy

AZN 11.765bn to be invested in Azerbaijan’s economy
# 07 November 2006 15:42 (UTC +04:00)
As per State Investment Program, investment of AZN 11.765bn will be made in various spheres of Azerbaijan’s economy by 2011, Economic Development Minister Heydar Babayev said, APA reports.
He said 75% of the investment will be made by the Government of Azerbaijan and 25% will be made on account of loans to be allowed by international financial organizations.
The Government will allocate AZN 4m, and international financial organizations AZN 2.4m to infrastructure projects. Besides, domestic investment in social sphere will make up AZN 974m and foreign investment in this sphere will be AZN 15m. /APA/
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THE OPERATION IS BEING PERFORMED