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World Bank allocated 1 billion 790 million AZM as short-term loans to villages of Nakhchivan Autonomous Republic

Azerbaijan Materials 3 March 2006 14:24 (UTC +04:00)

Short-term loans amounting to 1 billion 790 million AZM have been allocated to 1219 residents of Shahbuz district, the Nakhchivan Autonomous Republic (NAR) in the framework of the World Bank project Rural investments for Azerbaijan, the program of the International Fund on agriculture Development of mountains and highlands, the press service of the NAR Agriculture Ministry told a Trend regional correspondent.

The loan will be spent on various purposes.1 billion 127 million AZM is designed for cattle-breeding development, 381 million AZM - for plant-growing. 282 million AZM is spent on purchasing of productive grain brands.

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