TODAY.AZ / Business

WB to allocate loan for Azerbaijan's internally displaced persons

12 March 2008 [11:28] - TODAY.AZ
The World Bank decided to allocate an additional loan in the amount of $15,000,000 to Azerbaijan to meet the needs of internally displaced persons.

ITAR-TASS reports with reference to the press service for the Bank that the general aim of the project is to ensure improvement of living conditions and opportunities for socioeconomic integration of about 150,000 people, who were obliged to leave their homes due to the conflict with Armenia.

Additional financing is allocated to broaden the scales of the project and neutralize expenses for its implementation. The amount is provided with privileges for a term of 25 years with 10 year lax period.

/Gazeta.ru/
URL: http://www.today.az/news/business/43661.html

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