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AGRICULTURE MINISTRY, IFAD SIGN AGREEMENT UNDER PROJECT ON DEVELOPMENT OF NORTHWEST REGIONS

Business Materials 9 July 2005 14:41 (UTC +04:00)

The Azerbaijani Agriculture Ministry and the IFAD (International Fun for Agriculture Development) will sign a memorandum under the project of development of northwest regions in Azerbaijan late June.

An IFAD mission is expected to visit Azerbaijan from 17 to 19 July in this respect.

The IFAD is expected to approve funds for the implementation of the 5-year project with the budget of $25m. The project covers the northwest regions of Azerbaijan and is intended to assist in the improvement of living conditions of over 15,000 people.

The project is to be set up for implementation within 2 months of signing of the contract.

The Ministry said that several officials of the IFAD are in Baku to get familiar with the course of implementation of the project �Agriculture development of mountainous and high-mountainous regions of Azerbaijan’, which covers 5 regions.

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