In 2013 fiscal year, the World Bank to finance three projects in Azerbaijan

• Wednesday, June 20, 17:54

Baku. In 2013, the World Bank will finance three projects that are consistent with the Government of Azerbaijan. This was reported at today's press conference on the completion of the mission in Azerbaijan by the Regional Director for South Caucasus Assad Alam and the appointment of Henry Kerali to this post.

Azerbaijan and World Bank have a long and fruitful cooperation, and in the achievements of the country there is also contribution of the programs implemented with the support of the World Bank, said Alam. This applies to projects for the modernization of roads, improvement of agricultural infrastructure, housing and welfare of internally displaced persons, etc. In turn Kerali noted that the Rural Investment Project agreed and submitted for approval by the Board of Directors of the World Bank aims to improve rural infrastructure. In its implementation the bank will provide loans of 30 million manat. The Government and the World Bank also agreed to loan projects in agricultural production and improve the system of certification of employees of medicine. "The task of these projects is to solve the existing problems in these areas," he said. The New Regional Director of the World Bank also said that in the coming two years, the bank will focus on enhancing the capacity of government agencies involved in the development of public funds.

At the press conference it was noted that in the coming months it is scheduled to begin mid-term evaluation of projects implemented in Azerbaijan. In general, the World Bank and the Government of Azerbaijan are satisfied with the level of cooperation, which will continue to be based on experience, said Kerali.