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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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