WB to allocate $476,000,000 for three projects in Azerbaijan

According to a source from the WB Baku office, the total amount of the credit will make up $476,000,000.

A credit in the amount of $450,000,000 will be used for the project of assistance to trade and railway transport, $15,000,000 for the continuation of agricultural investment, $11,000,000 for the project of corporate and state sector accounting.

Owing to the approval of these projects, WB will raise its portfolio throughout the country from $1,072,000,000 up to $1,548,000,000. Currently the government of Azerbaijan studies conditions of crediting conditions and final variants of all three projects.

/APA/