Baku 10° C
Sarah Michael: World Bank does not have an upper limit in terms of financing for Azerbaijan
Finance
- 05 April, 2021
- 12:22
“In terms of lending to Azerbaijan, the World Bank (WB) has quite a bit of flexibility,” Bank’s Country Manager for Azerbaijan Sarah Michael told Report.
According to her, in the current situation, the bank wants to be as useful as it can: “So I don’t have an upper limit in terms of financing that we can bring. But I can say we have a lot of available financing for Azerbaijan that we can be ready to deploy if the government requests.”
She also noted that they would be happy to support the government in terms of reconstruction and recovery on transport, health or education, SME development.
Azerbaijan has been in cooperation with the World Bank since 1992. The Bank has allocated about $4 billion for Azerbaijan on more than 50 projects.
Author
Latest News
13:55
Ibrahimović: Montenegro welcomes Washington agreements
Other13:47
Bayramov: Azerbaijan and Montenegro agree to hold consular consultations
Foreign policy13:44
Azerbaijan, Montenegro FMs discuss NATO cooperation
Foreign policy13:43
Ibrahimović: Montenegro aims to become 28th full EU member by 2028
Other countries13:35
Ibrahimović: Azerbaijan and Montenegro discuss launching regular flights
Foreign policy13:30
Bayramov: Azerbaijan and Montenegro have potential for cooperation in transport
Foreign policy13:23
Azerbaijani сompanies invest up to $1 billion in Montenegro
Domestic policy13:14
Photo
Azerbaijan and Gambia discuss establishing parliamentary friendship groups
Foreign policy13:08