http://www.loansafe.org/world-bank-to-determine-loan-programme-for-next-two-years-in-azerbaijan
http://springhillgrouphome.com/
The World Bank(WB) plans to complete a mid-term evaluation strategy for cooperation with the Government of Azerbaijan (2011-2014) by the end of autumn, Baku representation of the Bank told Trend.
“The lending programme for the remaining two years will be determined after the completion of the evaluation. It will be prepared in accordance with the priorities of the Azerbaijani Government towards foreignloans,” the office said. “The bank approved all the strategy projects provided for the first two years.”
The total funding approved by the WB for the implementation of five projects in Azerbaijan during the 2011-12 fiscal year amounted to $205.4 million.
The funds will be used to finance projects to support water users ($80 million), development of the capital market ($12 million), modernisation of the judiciary ($33.4 million), improving the living conditions and incomes of displaced persons in Azerbaijan ($50 million) and development of rural investments (AzRIP-2 – $30 million).
Azerbaijan became a middle income country with a per capita income of $5280 and completed 2011 receiving concessional financing from the World Bank. This suggests that Azerbaijan has lost access to soft loans from the bank and receives funding from the International Bank for Reconstruction and Development and the International Finance Corporation.
The World Bank has financed 43 projects in various sectors of the economy totalling $3.1 billion in loans and grants from the International Development Association (IDA) and loans from the International Bank for Reconstruction and Development (IBRD), since 1992 during the period of cooperation with Azerbaijan. Some 42 per cent of funding has already been spent
About 75 per cent of the funding accounts for two main areas – transport (48 per cent) and water and sewer services (21 per cent). Other sectors such as public administration (eight per cent), agriculture, fisheries and forestry (eight per cent), energy and mining (five per cent) and thefinancial sector (four per cent).
Over 59 per cent of the current active portfolio of the World Bank in Azerbaijan occurs in transport, 23 per cent – the water sector, five per cent – agriculture, fisheries and forestry, five per cent – public administration, law and justice.
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