Azerbaijan, Baku, April 20 / Trend , I.Khalilova, N.Ismayilova/
The negotiations between the Azerbaijani government and the World Bank to improve the potential of state agencies have been determined for May, WB Baku office head Gregory Jedrzejczak said.
The project's total cist is $10 million. WB is ready to allocate $7 million via the International Development Association (IDA) and the rest share will be paid by the Azerbaijani government.
The Azerbaijani government has designed a flexible mechanism on the project. The project envisages trainings for water (Azersu) and road (Azeravtoyolservice) sectors. The requirements of trainings will be analyzed.
WB has allocated additional $70 million via the IDA to Azerbaijan for 2009. The projects will be approved by the WB Council of Directors before late June.
In 2008, WB provided six privileged loans to the Corporate and Public Sector Accounting Project (CAPSAP), including $121 million to the education system, water and sewerage systems, social welfare, social development of displaced persons and agricultural investments.
Azerbaijan has overdrawn GDP as per capita in the sum of $1,280, which was determined by WB as main criteria while receiving privileged loans via IDA. Therefore, Azerbaijan expected to receive finance only on commercial terms. The per capita income amounted to$ 5403.9 in Azerbaijan in 2008.
As for now, WB has financed 45 projects with a total cost of $2 billion in Azerbaijan. In 2008, bank financed 13 projects $1.251 billion. The WB 2009-2010 strategy is over than $1 billion on commercial terms via the line of the International Bank for Reconstruction and Development.
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