Baku, Azerbaijan, Dec. 6
By Azad Hasanli - Trend:
The Azerbaijani government plans to reduce the amount of foreign loans attracted for the implementation of the projects as part of the State Investment Program threefold for four years.
Some 13.2 billion manat will be allocated in 2016-2019 to implement the projects, of which 4.2 billion manat will account for foreign loans, the country's government told Trend Dec. 3.
The distribution of funds for the implementation of the projects as part of the State Investment Program for 2016-2019 is as follows:
(thousand manat)
|
Capital investments |
Foreign loans |
SOFAZ transfers |
TOTAL |
|
|
2016 |
1 976 800,0 |
1 578 000,0 |
2 150 421,7 |
3 554 800,0 |
|
2017 |
1 580 400,0 |
1 320 000,0 |
1 621 485,0 |
2 900 400,0 |
|
2018 |
3 052 100,0 |
805 000,0 |
967 860,0 |
3 857 100,0 |
|
2019 |
2 364 500,0 |
529 000,0 |
447 796,2 |
2 893 500,0 |
The government said that the infrastructure projects will be greatly financed for four years - about 11.5 billion manat (in 2016 - 3.3 billion manat, in 2017 - 2.8 billion manat, in 2018 - 3.1 billion manat, in 2019 - 2.3 billion manat). The projects in the field of transport, energy and industry will be the priority.
Ensuring of the country's economic security, the development of the non-oil sector and regions, the implementation of the high-tech projects, etc. will be the main directions of the investment policy.
"The social direction of the investment activity will be strengthened in the country for four years," the government said. "The priority of investments made in the human capital and infrastructure will be ensured."
While implementing the investment policy, the priority will be given to the production areas based on nanotechnologies and envisaging a reduction in the volume consisting of carboxylic compounds of hazardous waste emitted into the atmosphere, the government added.
The official exchange rate is 1.0512 AZN/USD Dec. 6.
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