Azerbaijan's Finance Ministry, WB mull next phase of Livable Baku project

Azerbaijan's Ministry of Finance and the World Bank have discussed preparations for the next stages of the Liveable Baku project, Report informs referring to the Ministry of Finance.

Deputy Minister Himalay Mamishov met with World Bank missions visiting Azerbaijan on the CRAIS and Liveable Baku projects.

At the meeting, the Bank's support for the development of the agriculture and food sectors, the implementation of the CRAIS project, and the next steps of the Liveable Baku project were discussed.

Mamishov noted the contribution of cooperation with the World Bank to the country's socioeconomic development and spoke about efforts to modernize agriculture, irrigation, and urban infrastructure. He stated that the CRAIS project will be implemented in accordance with fiscal frameworks and investment priorities.

It was also noted that the Liveable Baku project plans to gradually improve urban infrastructure, the environment, and the quality of public services.

World Bank's Regional Manager for Agriculture and Food in Europe and Central Asia Holger Kray stated that cooperation with Azerbaijan is at a high level and that projects are important for sustainable development, including in agriculture and urban development.

The parties also discussed expanding cooperation and improving implementation mechanisms for ongoing projects.