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ECONOMY

World Youth Bank Network to give loans to Azerbaijani youths

03.09.2011 [15:52]
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Baku, September 3 (AZERTAC). Next year, World Youth Bank Network (WYBN) will start to give loans for Azerbaijani youth, head of WYBN`s regional office in Baku Vusala Huseynli said.

She said the organization plans to issue a loan of $3000. The head of the office added that “as our organization`s main target is related to implementation of United Nations Millennium Goals related to youth employment, employability, equality and employment creation, projects submitted bu young Azeris for loans should be related to employment”.

WYBN`s regional office for 14 countries, including Turkey, Iran and CIS countries, has recently opened in Baku on Friday. With its genuine concept of Civil Banking, WYBN and perspective World Youth Bank as a global public financial institution stand for all-inclusive development financing and introduction of brand new financial products and services adjusted to the new needs of the new millennium. Process of establishing the World Youth Bank Network officially started at the WAY "European Youth Dialogue" Global Youth Summit 23-28. March, 2002.

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