WB allots $3.1bn for 44 projects in Azerbaijan since 1992
The World Bank has allocated $3.13 billion in loans and grants to implement 44 projects in Azerbaijan since 1992, the bank's Baku office told Trend news agency on Friday.
Most of the funding came from two main areas - transport (48 per cent) and water and sanitation services (22 per cent).
Other sectorsare public administration and law (five per cent), agriculture, fishing and forestry (nine per cent), energy and mining (five per cent) and financial services (three per cent).
Over 61 per cent of the current active portfolio of the World Bank in Azerbaijan accounts for transportation, 22 per cent the water sector, five per cent in agriculture, fisheries and forestry and eight per cent in public administration, social development and protection and urban development.
"The current portfolio consists of 17 active projects and general obligations on them reach $2.264 billion, 66 per cent of which have not yet been mastered," the bank said.
Six active projects, financed under the the International Development Association, are covering virtually every sector, while the portfolio of International Bank for Reconstruction and Development (11 projects) focused mainly on infrastructure sector.
The portfolio of Trust Fund of the World Bank in Azerbaijan stands at $7.8 million.
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