Today.Az » Business » WB to allocate $476,000,000 for three projects in Azerbaijan
29 March 2008 [18:24] - Today.Az
The WB Directors Board has approved allocation of a credit to Azerbaijan for implementation of 3 projects.
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/
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