Azerbaijan to get a $100 million loan for new project

16:05 - 10.01.2020


January 10, Fineko/abc.az. A $100 million loan is to be given to Azerbaijan on the terms of the International Bank for Reconstruction & Development.

ABC.AZ reports that the statement was made on the official website of the World Bank.

The loan will be given within the framework of the WB employment support project in Azerbaijan. At the initial stage, the project will be implemented in 27 administrative districts. Then the project will cover other territories of the country starting from 2021. The districts to be covered by the project are chosen in accordance with the number of population and the proportion of registered unemployed applicants for participation in the self-employment program. The project will support the work carried out within the self-employment program, not related to animal husbandry, carried out only at the expense of the government.

The project will be on agenda of the meeting of the WB Board of Directors scheduled for 19 March 2020.

 

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