World Bank's policy related to Azerbaijan will change new Country Manager
With development of Azerbaijans economy forecasted for the closest 15 years the World Banks policy for the country will change as well, Trend reports quoting Gregory T. Jedrzejczak, new WB Country Manager for Azerbaijan.
In the future, Azerbaijan will receive credits from the International Bank for Reconstruction and Development instead of todays from International Development Association. IBRDs issues credits on stricter terms than IDA and thus our country shall prove WBs preference as more profitable partner, Mr Jedrzejczak said.
Investment credits, he said, will take more place in the work between Azerbaijan and the WB than earlier those directed at maintaining governmental budget.
В"From the banks point of view, Azerbaijan today is one of the most interesting countries in WBs policy; the bank experts consider that Azerbaijan fill face significant changes within the closest 15 yearsВ", the Country Manager said. The bank is going to share its big experience in Azerbaijan.
Next week Mr Jedrzejczak is starting a series of officials meetings with governmental officials.