WB approves US$400 million loan for Azerbaijan

WB approves US$400 million loan for Azerbaijan
  • Clock-gray 13:22
  • calendar-gray 06 July 2017

The World Bank approved a US$400.245 million loan and grant for Azerbaijan allocated in 2017 (from July 1, 2016 to June 30, 2017), bank told Interfax.

 

“Loan and grant for Azerbaijan will make up $400.245 this year, while it was AZN 207 million in 2016”, the information said.

 

Of this, $400 million will be directed to the Southern GAs Corridor, $0.25 million for solution of issues on human resources and increase of potential in IT.

 

Totally, the WB allocated $1,238,500,000 to Azerbaijan in 2013-2017.

 

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