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“The lending programme for the remaining two years will be determined after the completion of the evaluation. It will be prepared in accordance with the priorities of the Azerbaijani Government towards foreignloans,” the office said. “The bank approved all the strategy projects provided for the first two years.”
The World Bank(WB) plans to complete a mid-term evaluation strategy for cooperation with the Government of Azerbaijan (2011-2014) by the end of autumn, Baku representation of the Bank told Trend.
“The lending programme for the remaining two years will be determined after the completion of the evaluation. It will be prepared in accordance with the priorities of the Azerbaijani Government towards foreignloans,” the office said. “The bank approved all the strategy projects provided for the first two years.”
The total funding approved by the WB for the implementation of five projects in Azerbaijan during the 2011-12 fiscal year amounted to $205.4 million.
The funds will be used to finance projects to support water users ($80 million), development of the capital market ($12 million), modernisation of the judiciary ($33.4 million), improving the living conditions and incomes of displaced persons in Azerbaijan ($50 million) and development of rural investments (AzRIP-2 – $30 million).
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