The Azerbaijan government has suggested to the World Bank to split the project of agricultural development and crediting in Azerbaijan (second phase) into two parts agricultural crediting and registration of the real estate, sources in the government told Trend. This will not affect the cost of the project, while in this case the project of the land register in the country might receive more finances, than it was initially mentioned in the project` s statement. Creation of the land register in the country has received approximately $5-10mln. However, the government considers these means as insufficient, as only the creation of the land register in Nakhchivan in the course of the first phase of the agricultural project required $3mln with consideration that Nakhichivan has population of only 300.000 people. It means that realization of the full scale project covering the country with its population of 8 million people will require approximately $15-20mln.
The WB credit on the agricultural project would have the same amount as previously $30 mln. Financing would be conducted in the frames of the adapted program of Agriculture development and crediting, and a total of $100mln would be allocated under the project financing.
The Azerbaijan government and the WB in the course of talks have reached the agreement on increasing the credit component in the frames of the second phase of the project. Besides, regarding the demand, priority would be given to the creation of production storing facilities, processing facilities and leasing support.
The project is due to be ratified at a meeting of the Council of directors in the second part of 2006. A WB delegation headed by Frauke Yungblut has recently visited Baku to evaluate and define the components of new project, that should take place in the frames of strategic partnership of Azerbaijan with WB in 2006-2009.