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WB negotiating with Azerbaijan to reach new government support agreement

Economy Materials 29 March 2023 10:45 (UTC +04:00)
WB negotiating with Azerbaijan to reach new government support agreement
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, March 29. The World Bank (WB) is negotiating with Azerbaijan to reach a new government support agreement, Country Manager for the World Bank in Azerbaijan Sarah Michael said, Trend reports.

She made the remark during an event dedicated to the implementation of the technical assistance program for Azerbaijan.

According to her, it is expected that the new program will include such areas as natural resources, economics, the innovation sector, etc.

"I would like to note that our technical assistance program for Azerbaijan is aimed at supporting the National Strategy of Azerbaijan until 2026, which includes the implementation of projects in the fields of smart cities and villages, digitalization, as well as projects in the field of natural resources," she said.

Also, as part of this program, we are supporting the economy of Azerbaijan, in particular, by optimizing and attracting existing international tools to prevent the impact of negative challenges and shocks, the country manager added.

The project is funded by the EU, whereas its implementation is entrusted to the WB.

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