New World Bank's strategy of cooperation with Azerbaijan approved
The World Bank Group has approved a five year joint strategy (2015-2020), aimed at supporting Azerbaijan on its path toward sustainable development.
The IFC’s primary focus is on supporting the continuing and strengthening initiatives to boost financial inclusion and improvements in the business environment. The IFC will also seek investment and advisory opportunities to support the real sector, including critical infrastructure projects, agriculture, and other export-oriented sectors.
Azerbaijan joined the World Bank in 1992. The World Bank commitments to the country have amounted to over $3 billion for 55 projects. The current World Bank investment portfolio in Azerbaijan includes 16 projects with a total commitment of $2 billion, Trend reports.