ECONOMY


Azerbaijan’s Minister of Finance: The World Bank can give us loans on favorable terms for reconstruction of Karabakh

Baku, April 13, AZERTAC

“The World Bank is offering us special conditions today. If we reach a full agreement with them by the middle of next year, we can secure those conditions,” said Azerbaijan’s Minister of Finance Samir Sharifov at the meeting on the results of the first quarter of this year.

“Taking into account the process of reconstruction of Karabakh, they have decided that they can give us loans on favorable terms. We can choose the projects we need under these conditions. In other words, there are projects, such as the construction of roads, and we should not attract foreign currency to them. But in any case, we must take into account our foreign exchange costs when choosing projects. We could probably attract funds for these purposes,” the minister noted.

 

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