WB launches project for IDPs


Azerbaijan, Baku, Dec 19, /Trend N.Ismayilova/

The World Bank will start a project to improve the living conditions and incomes of IDPs in Azerbaijan in 2012.

"The third project is not yet in force, as the country takes stock of the second project in this field, completion of which is scheduled to the end of December 2011. It is expected that the new project will be launched in early 2012" the bank said.

The WB allocated its first loan for $10.7 million in 2001 to promote economic development of IDPs. The sum included $10 million of WB loan and $700,000 of the Azerbaijani government, Hasanov added. The loan was spent on financing 199 projects of the IDP communities, and the project benefited 175,000 refugees.

Some $12.6 million was granted on the implementation of second project, 11.5 million of which were allocated through a loan from the WB. However, the funds allocated for the second project was not enough, so there was a need for additional funding. Some $24.19 million allocated on completion of the project, $15 million of which fall on the WB, and $8.69 million on the government.

These funds are allocated to implement 250 projects of displaced communities. About 189 micro-projects financing was completed, 32 projects were under execution, and 53 projects on the appraisal process for early 2011 in the frame of the project. As the results of a survey conducted by the bank in 2010, 87.4 percent of beneficiaries were satisfied with the results of micro-projects.

The third WB project on improving the living conditions and income of IDPs in Azerbaijan approved in 2011 is funded by the International Bank for Reconstruction and Development (IBRD is part of the WB). The share of government involvement in the project is $28.5 million. Thus, the overall funding of the project is $78.5 million. Azerbaijan and the World Bank (WB) signed a credit agreement in Baku on Nov.16, 2011.

Under the project, there will be over 200 micro-projects carried out that will cover 120,000-150,000 people. It will also contribute to improving the living conditions of about 30,000 people. About 1400 young people will be able to get training and grants to start their own business. In addition, about 1500 micro credits will be given to the displaced to open or expand a business.

In total, about 185,000 IDPs in Azerbaijan will have greater access to infrastructure services, to improve their living conditions and earning potential under the new WB project.

Kazakhstan doubles crude oil exports to Croatia, Lithuania in 1H2020
Kazakhstan doubles crude oil exports to Croatia, Lithuania in 1H2020
Kazakhstan’s Trade House to open in Azerbaijan
Kazakhstan’s Trade House to open in Azerbaijan
Revenue from maritime cargo transportation surges in Kazakhstan
Revenue from maritime cargo transportation surges in Kazakhstan
Loading Bars
Latest
Trump to 'cut off' TikTok if deal cannot be saved
Tunisian PM decides to step up security campaigns to combat COVID-19
EU adopts new rules for state aid to reduce carbon emissions
Kazakhstan doubles crude oil exports to Croatia, Lithuania in 1H2020
Turkey sets global example with online therapy sessions to combat COVID-19 woes
Azerbaijani president: We launched broad political dialogue initiative several months ago
Tajikistan, Uzbekistan eye to increase freight traffic between two countries
President Ilham Aliyev: Azerbaijan’s economy developed rapidly, and its GDP tripled in last 17 years
FM Zarif due in Moscow soon
Azerbainani president: Policy of "Azerbaijanophobia" prevailing in Armenia, hatred against Azerbaijani people instilled in young generation
Azerbaijani president: Armenia deliberately targets civilian population, perpetrates provocations along Line of Contact and Armenia-Azerbaijan border
Azerbaijani president: Development of democracy and human rights protection among top priorities of our government
President Ilham Aliyev: Azerbaijan plays important role in promotion of dialogue of cultures
President Ilham Aliyev: Thanks to undertaken measures, situation with COVID-19 remained under control in Azerbaijan
Azerbaijani president: Aggressive rhetoric and provocations of Armenia show that Armenia is preparing for new aggression against Azerbaijan
President Ilham Aliyev: Glorification of Nazism is state policy in Armenia
President Ilham Aliyev: Prime Minister of Armenia deliberately undermines format and substance of negotiation process
Azerbaijani president: Ongoing COVID-19 pandemic has demonstrated once again significance of multilateralism
Azerbaijani president: Role of UN in global economic governance should be strengthened
Brazil's COVID-19 death toll reaches 136,895
Georgia decreases import of cement from Azerbaijan
Azerbaijani president: Armenian PM deliberately undermines format and substance of negotiation process
Greece reports 453 new coronavirus infections, new daily record
Uzbekistan boosts gold share in total export
Ukraine's Ukrtransnafta sends out offers for selling Azerbaijani oil
Turkey’s Travel Agencies Union, Istanbul Chamber of Commerce join forces for tourism
Azerbaijani president: Today more than ever the world today needs respect for international law
President: Armenia’s aggressive rhetoric, provocations show that it is preparing for new aggression against Azerbaijan
President Aliyev: Thanks to undertaken measures, situation with COVID-19 remains under control
Azerbaijani president: Development of democracy, human rights protection - among top gov't priorities
Iran's oil, gas fields under research studies by local universities
Restoration of Albanian Church, rights of Udi people – Azerbaijan’s contribution to dev't of world civilization
Azerbaijani president, NAM chairman makes speech at high-level meeting to mark 75th anniversary of United Nations in video format (PHOTO)
Kazakhstan’s Trade House to open in Azerbaijan
More people in Iran applying for national housing plan
Fuel smuggling from Iran to Afghanistan down
IMF: Banking system of Georgia enters COVID-19 shock well-capitalized
Georgia reduces gas import from Azerbaijan
Azerbaijani, Moldovan FMs exchange views on issues on bilateral co-op agenda over phone
Regular flights between Georgia and Greece to be resumed
Iran's Chabahar Port receives cargo ships from India, UAE
Bibi Heybat to become new tourist destination in Baku (PHOTO)
Georgia decreases imports of oil, petroleum oils from Azerbaijan
Azerbaijan confirms 81 more COVID-19 recoveries
Iranian Energy Exchange announces products to be on sale September 22
Iran’s Bahar Azadi gold coin price starts to fall
Measures to improve investment climate mulled over in Azerbaijan
Iran declares amount of euros returned to country's economy by exporters
Revenue from maritime cargo transportation surges in Kazakhstan
Azerbaijan increases import of beer from Georgia
Motor fuel production down in Uzbekistan
Kazakhstan's Air Astana opens tender for power networks laying
Speaker of Azerbaijan’s Parliament arrives in Russia (PHOTO)
Joint industrial park between Azerbaijan and Iran to contribute to development of region
Gold ores output decreases in Kazakhstan
Turkmenistan increases export of men's textile clothing to EAEU countries
Criminal case raised due to another Armenian provocation in direction of Azerbaijan's Tovuz
Iran to soon action off electricity to cryptocurrency miners
AZAL to increase the frequency of Baku-Nakhchivan-Baku flights
Kazakhstan decreases export to Belarus amid COVID-19
Georgia starts testing the Energy Exchange
Total foreign trade turnover decreased in Uzbekistan
Baku Stock Exchange to hold auction on placement of AzerGold's bonds
Georgia reduces exports to Azerbaijan
CIS countries' import of Azerbaijani products grows
Turkmenistan’s Oil Refineries extends tender for creating e-document system
Iran expands volume of drilling operations at Hired gold mine
Oil prices slip on potential Libyan output return, storm supports
Dutch daily new coronavirus cases top 2,000 for first time
Review of Producer Price Indices for Services in Georgia
Bryza: Collective Security Treaty Organization not in favor of provocative actions by Armenia, or anybody else
Prices for commercial facilities in Baku grow
Volume of capital investments in Turkmenistan’s Dashoguz region revealed
Azerbaijan raises import of grain, legumes from Turkey
ITFC to foster inclusive economic growth in Uzbekistan’s business community
Georgian Kakheti region reveals volume of processed grapes
Azerbaijan increases import of chemicals from Turkey
EU antitrust regulators to decide by October 26 on LVMH, Tiffany deal
Swiss report 1,095 new coronavirus cases
Georgian external debt triples in last 8 years
Goldman Sachs names new co-chairs of global M&A
Contracts signed to increase oil and gas extraction in Iran
Azerbaijani Community of Nagorno-Karabakh region calls for pressure on Armenia
Peter Tase: Armenian leadership’s inflammatory remarks exacerbating already inflammable situation around Karabakh conflict
Georgians traveling to Lithuania to be obliged to go into 14-days self-isolation
Export Price Index down in Georgia
Iran boosts value of non-oil exports via Kermanshah Province
Demand for Turkish clothes in Kazakhstan rising
Axpo creating marketplaces with digital platforms
Exports of Iran’s Golestan Province decreases
Azerbaijan's export of persimmon declines
Iran reveals its COVID-19 data for September 21
Russian Trade Ministry names medicines delivered to Turkmenistan
Uzbekistan to increase green power production
Azerbaijan's Baktelecom continues installing fiber-optic lines in Baku
Import of Turkish clothes by Azerbaijan surges
TOP-5 trade partners of Azerbaijan
UK ponders second COVID-19 lockdown as outbreak accelerates
Norway to spend $1.8 billion on world's first full-scale CCS chain
Precious metal prices in Azerbaijan vary
All news