WORLD BANK

Azerbaijan forsees boost in Middle Corridor’s transit capacity, thanks to Zangezur Corridor

By
MARYANA AHMADOVA

The implementation of the Zangezur Corridor project will expand the capacity of the Middle Corridor by 8-10 million tons per year, said Rahman Hummatov, Deputy Ministry of Digital Development and Transport of Azerbaijan, Trend reports.

He made the remark during a presentation of the Middle Corridor study compelled by the World Bank held today in Tbilisi, Georgia.

Azerbaijan and the World Bank ink a new loan agreement

By
BLACKSEA-CASPIA

The Azerbaijani government and the International Bank for Reconstruction and Development (IBRD) which is a member of the World Bank (WB) group, signed a loan agreement worth $65 million on October 27, Trend reports citing the Azerbaijani Finance Ministry.

The document was signed by the Azerbaijani Finance Minister Samir Sharifov and WB Regional Manager for Azerbaijan Sarah Michael.

President Tokayev: The Nazarbaev University in Nur-Sultan, in cooperation with the World Bank, will create a national tech cluster for the study of Artificial Intelligence (AI)

By
BLACKSEA-CASPIA

The International Digital Almaty forum has kicked off in Almaty Feb. 5. Prime Ministers of the Eurasian Economic Union as well as leading international experts in the digital sphere have shared the results and success achieved in the digitalization sphere.

“The Digital Reset: a Leap to the Next Normal” is a topic for this year.

Azerbaijani Energy Ministry, IFC sign Memorandum of Understanding on offshore wind energy

By
BLACKSEA-CASPIA

A Memorandum of Understanding was signed between the Azerbaijani Ministry of Energy and the International Finance Corporation (IFC), a member of the World Bank Group, on cooperation in the use of offshore wind energy for the development of renewable energy sources in Azerbaijan, Trend reports citing the ministry.

World Bank ready to support Azerbaijan in implementation of economic reforms

By
ZEYNI JAFAROV

Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov met with World Bank (WB) Regional Director for South Caucasus Sebastian Molineus, Trend reports on March 31 with reference to the CBA.

WB Country Manager for Azerbaijan Sarah Michael also took part in the meeting.

Rustamov stressed the importance of long-term cooperation with the WB in the field of socio-economic development of Azerbaijan.

International structures willing to cooperate for a “Green Energy Zone” in Azerbaijan’s Karabakh

By
FIDAN BABAEVA

The call of Azerbaijan on the establishment of a green energy zone in the country’s liberated territories covering the Karabakh region was positively appreciated by international structures, reports the Ministry of Energy.

Opportunities for cooperating with international financial institutions for the creation of such zone were discussed at the coordination meeting held online by the ministry, and the international structures voiced their interest in the relevant cooperation.

World Bank inks agreement with IFAS in Ashgabat

By
Huseyn Hasanov / Trend.az

The World Bank and the Executive Committee of the International Fund for Saving the Aral Sea (IFAS) signed an agreement in Ashgabat on Additional Financing of the Project for the Modernization of Hydrometeorological Services in Central Asia, Trend reports referring to the Turkmen Foreign Affairs Ministry.

Turkmenistan presides over IFAS and is involved in the development of the fourth “Program for Assisting the Aral Sea Basin Countries” (ASBP-4).

International Finance Corporation: Eurobonds discipline the government of Udbekistan on macroeconomics

By
GAZETA.UZ

Uzbekistan will use Eurobonds as a tool for positioning and valuing the country on the international market, said the head of the International Finance Corporation's representative agncy in Tashkent, Zafar Khashimov, at the presentation of the report on the diagnosis of the private sector in Uzbekistan on February 18, 2019.

Subscribe to WORLD BANK