TODAY.AZ / Politics

Azerbaijan plans obtaining of new loans from the World Bank in amount $80 mln

21 April 2005 [16:47] - TODAY.AZ
Azerbaijan plans obtaining of new loans from the World Bank.
The agency Trend reports 20 April, the minister of economic development Farkhad Aliyev informed, it is planned that in nearest future the Board of directors is to discuss this issue.

Azerbaijan plans obtaining from the World Bank about $ 80 mln for realization of different projects. "At the cost of these finances it is planned to realize the projects on road construction, the projects in energy sector, to conduct works on improvement of infrastructure and ecological situation.

In connection with cooperation with International Monetary Fund (IMF) Aliyev mentioned IMF mission is to arrive to the state in May. At that, the state plans getting the last tranches of the program of PRGF in amount of $18mln.

The Minister said, all corresponding works on this issue are already completed and during the visit mission of the fund is to conduct monitoring.

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