IBTA-2 report to be submitted to World Bank in June
The government of Azerbaijan is to submit to the World Bank till 30 June the final report on the World Bank second report "РўРµchnical assistance to the institutional building in Azerbaijan (IBTA-2). Selection of the auditing company will take place in March for making a contract in early May, the project implementation group told Trend.
The final report will be prepared in regard to accomplishment of the financial year till late 2006. There is no need for its extending, as the government declined to use the funds saved, and they will be returned to the bank. By IBTA-2 total cost of 7вЂљ470 million SDR, which is equivalent to $10,6 million, $5,1 will be returned to the World Bank.
The Д°BTA-2 was approved in 2002. The project covered totally 4 components from the earlier projected 10.