Details added (first version posted at 18 October 2016 15:14)
Baku, Azerbaijan, Oct. 18
President of the Republic of Azerbaijan Ilham Aliyev has received the World Bank Regional Director for the South Caucasus Mercy Tembon and newly appointed Country Manager for Azerbaijan Naveed Hassan.
Tembon hailed good partnership between Azerbaijan and the World Bank, and thanked the president for successful cooperation.
Tembon stressed the importance of economic growth and said it is crucial to find new sources at a time when countries are facing challenges in the wake of falling oil prices on global markets. She expressed the World Bank`s readiness to support Azerbaijan, and noted the necessity of studying opportunities in various areas, particularly in agriculture.
President Aliyev underlined the importance of improving the non-oil sector, and said great work is carried out in Azerbaijan on this front. They hailed long-term successful cooperation between Azerbaijan and the World Bank.
The sides noted that this cooperation has featured work on over 50 projects so far on the construction of highways, water supply and sewerage services, improvement of the living standard of refugees, justice system and other areas, of which 40 have been successfully realized.
The sides also discussed prospects for cooperation between Azerbaijan and the World Bank.