Azerbaijan, Baku, May 25 / Trend , N. Ismayilova/
Talks between Azerbaijani government and World Bank (WB) on increasing staff potential in governmental agencies involved in realization of infrastructure projects will complete later this week, the WB Baku Office said.
WB mission led by Elizabeth Wang has been in Baku since last week. The talks are expected to end with protocol later this week.
Total project cost $10 million. WB is ready to provide about $7 million from the International Development Association, and other part will be covered by the government.
This project is expected to have more flexible mechanism, the W office said. In the first year of the project it is planned to hold trainings for water ("Azersu") and road (Azeravtoyolservis) sectors. In addition, common thematic trainings will be held on the project management, procurement and financial management.
In 2009 financial year, the WB provided additional $70 million to Azerbaijan in line with the IDA, under which projects must be approved by the Board of Directors of the Bank by the end of June.
In 2008 fiscal year, the government managed to obtain from the World Bank six preferential loans for Corporate and Public Sector Accountability Project (CAPSAP), the third phase of reforms in the education system, development of water supply and sanitation, assistance to social security, social development, internally displaced persons in Azerbaijan and rural investment. Nearly $121 million was provided for their implementation.
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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