"Azerbaijan has paid about half of the IDA debt before the expiration of time by paying $ 300 million. One of the goals of the visit is to recognize the services of the country`s government in this work," the bank informed.
The vice-president of the World Bank will hold a meeting at the Ministry of Finance, the Central Bank of Azerbaijan and the Cabinet of Ministers.
As of January 1 2013, Azerbaijan held talks with the World Bank within the framework of 56 projects for the financing credit agreements totaling $3,122.3 million.
At present, the implementation of 36 projects worth of $894.1 million is completed, and now the execution of 20 projects worth of $2,228.2 million is being carried out. For January, 2013 the World Bank credits on the amount of $1,714.1 million, constituting 54.5 percent of the total amount of attracted credits were used. In 2012, Azerbaijan used $393.4 million dollars from the allocated credits.
In addition to these credits, in the years the World Bank allocated 44 grants totaling $ 41.37 million for Azerbaijan in 1995-2012.
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