Azerbaijan, Baku, Oct. 7 / Trend, A. Akhundov /
The World Bank (WB) can help the Azerbaijani government in promoting the entrepreneurship and expanding business access to the funds, WB Baku Office head Larisa Leshchenko told Trend on Saturday.
Earlier, the bank presented two reports on this topic and pointed out the problems in these areas and their solutions.
According to her, one of the possible variants of the project implementation is to provide one of the Azerbaijani commercial banks with the WB group's credit line to finance entrepreneurship in the country.
"It will be possible to teach entrepreneurs new skills, approaches, products through this credit line, rather than just deliver the funds," she said. "This will be the most important thing in this project. The project implementation allows teaching many people new instruments."
She added that WB has rich experience in similar projects, in particular, Agricultural Competitiveness Improvement Project has the same goals in Azerbaijan. WB Board of Directors has approved the project this week.
The project aims to facilitate agricultural producers' access to the markets by improving sanitary and phytosanitary services, rendering the financial services to agricultural enterprises and so on. The project will contribute to the further development of agricultural business and food industry through the loans for the improvement of technologies, increasing production volumes, modernizing the phytosanitary and veterinary services. The project will also contribute to the improvement of the regulatory and institutional frameworks in the field of food safety and quality.