WB to Allocate $300mln for Ecology Projects in Azerbaijan: WB Senior Official (video)
Azerbaijan, Baku / corr Trend A.Badalova / The World Bank is prepared to allocate to Azerbaijan $250-300mln for the development of ecology projects, Peter Thompson, the head of the World Bank Department for Sustainable Development, said in a news conference on 14 September.
During his visit to Baku, Thompson held several meetings with Azerbaijani senior officials to discuss the development of projects in different spheres, including environmental treatment.
Thompson voiced the WB's readiness in rendering assistance in this field, particular, in the treatment of oil-polluted areas.
Over the next six to nine months the projects in this sphere should be realized. Thompson also noted that relevance of Azerbaijani legislation to the European Union's ecology standards will have positive outcomes.
Another issue under discussion was the assistance in the development of railways. The Azerbaijani Government appealed for the WB's assistance in this field, particularly, support to the project on the establishment of the Baku-Tbilisi-Kars railway corridor. The meetings also focused on project in the sphere of agriculture and education. Moreover, a project on financing social security and pension security is underway.
Thompson said that $10mln to $30mln will be allocated for the project on internally displace persons (IDPs), which envisages the improvement of the economic state of refugees, as well as support to constructing schools.
Thompson said that $127mln will be allocated in this fiscal year by IAD terms.