AZERBAIJAN MAY LOSE ACCESS TO FUNDS OF INTERNATIONAL DEVELOPMENT ASSOSIATION AS ERALY AS IN 2007
The government of Azerbaijan commenced to study the initial version of the World BankвЂ™s Country Assistance Strategy (CAS). The CAS project is highly qualitative and implies allocation of funds for implementation of projects in the non-oil sector development and the infrastructure reconstruction fields, the Ministry of Finance told Trend.
The tempos of the countryвЂ™s economy development give grounds for including in the Strategy provisions, noting the denial to fund Azerbaijan on the basis of the International Association of Development (IAD) since 2009. However, today the tempos of the economic development are such, that such denial of the countryвЂ™s funding on the IAD conditions and transition to the crediting under the conditions of the International Bank for Reconstruction and Development (IBRD) may happen in 2007, as for 2005-2006 Azerbaijan succeeded in achieving the relatively high GDP index per capita.