World Bank can give Azerbaijan loans on favorable terms for reconstruction of Karabakh: Minister

  13 April 2022    Read: 805
  World Bank can give Azerbaijan loans on favorable terms for reconstruction of Karabakh: Minister

The World Bank can give Azerbaijan loans on favorable terms for reconstruction of Karabakh, the country’s Minister of Finance Samir Sharifov at the meeting on the results of the first quarter of this year, AzVision.az reports.

“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,” he said.

“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,” Minister Sharifov added.


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