ECONOMY


ISLAMIC DEVELOPMENT BANK ALLOCATED INTEREST-FREE CREDIT

For implementation of the project ‘Elimination of Earthquake After-effects’, Islamic Development Bank has allocated 9 mln interest-free credit to Azerbaijan.

Director of the Agency for Restoration and Reconstruction of the Areas Liberated from the Occupation Ali Mammadov told AzerTAJ that according to the instruction by President of Azerbaijan Heydar Aliyev, the mentioned funds will be spend for reconstruction of 40 secondary schools in Baku, restoration of gas supply to 16 thousand apartments in some 200 houses, as well as implementation of the projects on elimination the consequences of landslide taken place in the right shore of Mingachevir reservoir. Tender has been announced for these projects.

The project’s implementation is expected to start before the day of Presidential elections on October 15.

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