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World Bank to lend $1bn to Azerbaijan

15 February 2010 06:54 (UTC+04:00)
World Bank to lend $1bn to Azerbaijan
The World Bank intends to provide $1 billion in loans to Azerbaijan as part of its new mid-term cooperation strategy for 2011-2014, says the head of the WB office in Baku, Gregori Yedzherchak, the state-run AzerTAj news agency reported.
The bank has asked the Azerbaijani government to present a list of top priority projects which can be financed during the first two years of the new strategy.*

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