Board of Directors of the World Bank approved on July 5, the decision to allocate $ 30 million loan required to finance the second project of rural investments. According to the bank, as a result of 1.5 million members of rural communities will be improved access to infrastructure and social services.
In WB Baku office they told Turan the total project cost is estimated at $ 53.6 million, of which $ 23.6 million is to be funded by the Government of Azerbaijan.
The new project is based on the achievements of the previous project for seven years that increased income of 600 thousand people, improved irrigation potential for 700,000 land users and provided 150,000 people with access to good quality fresh water. - 08D-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review