From July 1, 2015 until June 30, 2016, the World Bank (WB) provided the Azerbaijani government about $ 207 million of loans (minus $ 93 million to the past financial cycle).
As stated in the report of the international structures, the main projects are the completion of the expansion of the road Baku-Shamakhi ($ 140 million) and promotion of better living conditions and an increase in IDPs’ income ($ 66.7 million).
In general, over the past 5 years the World Bank has allocated $ 892 million for various projects.
Azerbaijan has been a member of the World Bank since 1992. During this period 55 projects were implemented, 44 of which were completed with more than $3 billion provided under the government guarantee. --17D-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review