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Thursday, 27 October 2016


WB to appropriate 80 million dollars to Azerbaijan

2011-04-27 18:40

WB to appropriate 80 million dollars to Azerbaijan. 16372.jpegIn order to improve water supply in the irrigational systems managed by farmers, World Bank arrived at a decision to appropriate 80 million dollars to Azerbaijan for the realization of the "Project on supporting the development of Azerbaijani water users associations". As was reported by Trend, today, the Board of Directors of the World Bank passed a decision to allocate the credit.


International Development Association accounts for 76,80 million dollars of the total volume of the allocated means and MBRD - for 3,20 million dollars. In its turn, Azerbaijani government appropriated 34,30 million dollars for the project realization.

"The productivity of 760 thousand small farms located in 27 Azerbaijani provinces will be improved due to the rehabilitation of the irrigational and drainage networks and due to the measures on creating a potential with the support of the World Bank's new project", - goes WB's statement.

"The project supports key strategic purposes of diversifying the country's economy, - WB Regional Director for South Caucasus Asad Allam added in his turn.

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