Baku, Fineko/abc.az. International financial institutions start reconsidering conditions of financing for projects in Azerbaijan.
A government source says that the Islamic Development Bank’s mission that has visited the country announced revision of its financial conditions.
“The government familiarized the mission with its position saying that financing under actual rate of 5.1% was today neither profitable nor attractive. Simultaneously it was emphasized that if correction of conditions is made in parameters announced by the mission, it will make co-operation with the Bank very attractive and interesting,” the source said.
Today IDB together with the Black Sea Trade & Development Bank relates to number of outsiders on volume of co-operation with Azerbaijan. Nevertheless, this year IDB is to hold its annual meetings in Azerbaijan for the first time.
16.03.2010 09:05
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