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Azerbaijan involves consultant to conduct social assessment of WB agricultural project

Business Materials 4 September 2011 14:32 (UTC +04:00)
State Agricultural Loans Agency under the Agriculture Ministry of Azerbaijan involves a consultant to prepare a social assessment of the third agricultural lending and development program, the Agency reported.

Azerbaijan, Baku, Sept. 4 /Trend, N.Ismayilova/
State Agricultural Loans Agency under the Agriculture Ministry of Azerbaijan involves a consultant to prepare a social assessment of the third agricultural lending and development program, the Agency reported.
The project is implemented by the government in cooperation with the World Bank.
The consultant will be selected from the local companies.
The purpose of this assessment is to identify new technologies and study the potential social impact that may occur during the integration of the value chain in the country's agriculture.
This includes assessment of the advantages of introduction of new technologies by various categories of beneficiaries (farmers, small and medium rural enterprises).
Interested consulting companies may obtain further information from 09:00 to 17:00 in the State Agricultural Loans Agency. Contact person - Solmaz Huseynova, tel: +994 12 4934693, fax: +994 12 498 13 95, e-mail: [email protected], [email protected].
The third agricultural lending and development program will be based on an appropriate loan program used to implement the first two projects. The WB plans to provide $30 to $50 million for the project.
At present, two agricultural projects financed by WB - "Azerbaijan Rural Investment Project" (AzRIP) and II phase of the adapted development and agricultural lending program are under implementation.
The total project cost is $58 million, of which about $30 million accounted for WB loan.
Roughly $20.5 million was allocated from the funds of the International Development Association (IDA), $8 million - due to tightening of IDA terms, which are also designed for 35 years with a grace period of 10 years, but the rate of libor-2 percent.

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