The World Bank (WB) has approved additional funding for IDPs.
According to the information on the official website of WB, the allocation of funds will come into force on December 20 this year, and the development is valid until the end of 2020.
The total amount of funding is $ 66.7 million, of which $ 50 million is the World Bank share, and the rest is from the Government of Azerbaijan.
As planned by the Bank, the allocated funds will help improve the lives of immigrants (approximately 7% of the population), the improvement of their living conditions and normal employment.
Specifically, the money will be allocated for improvement of water supply and electricity, communications, drainage systems, schools and health centers, as well as for training of entrepreneurial skills at young people. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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