World Bank to allocate fund for Azerbaijan’s development projects

Azernews.Az

28 February 2025 14:21 (UTC+04:00)

Akbar Novruz

The World Bank plans to provide $1 billion to $1.5 billion in financing to Azerbaijan over the next five years through the International Bank for Reconstruction and Development (IBRD). Approximately half of the funds are expected to be disbursed by June 2025, with the remainder allocated in the following fiscal year. Azerbaijan currently holds 0.13% of IBRD shares, amounting to 2,371 shares, for which it has paid ...

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