World Bank

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World Bank worsens Armenia's forecast

The World Bank has published a new forecast for the development of the Armenian economy, which was more pessimistic than the previous one. According to the forecast, the growth of the economy will be 1.9% this year. Earlier, the World Bank …

 WB approves loan for Baku-Shamakhi highway construction

The board of directors of the World Bank (WB) today approved an additional $140 million to fund the expansion of the Baku-Shamakhi highway. The loan will be issued through the International Bank for Reconstruction and Development …

World Bank to help in cleaning up Absheron Lakes

The World Bank (WB) will help to clean up and rehabilitate the lakes on the Absheron Peninsula in Azerbaijan. The relevant draft will be discussed at the World Bank's Board of Directors on July 18th 2017. The estimated cost of …

Azerbaijani stock market reaches new level

A ceremony of commissioning a single post-trading system and control of the securities market took place today in the building of the State Committee for Securities of Azerbaijan. It was attended by Chairmen of the Securities and …

World Bank ready to double aid to IDPs in Azerbaijan

The World Bank (WB) is ready to double aid to internally displaced persons in Azerbaijan within the framework of existing programs, a report of the Central Bank's office reports. "The new additional financing of the …

IMF and World Bank delegation arrives in Baku

A delegation consisting of International Monetary Fund and World Bank members has arrived in Baku to discuss a possible aid package for Azerbaijan. The delegation will stay in Baku till February 4. The issue concerns an emergency loans’ package worth $4 billion, Trend reports with reference to the Financial Times newspaper.

World Bank lowers forecasts of oil prices

The World Bank (WB) has revised its forecast in respect of oil prices for the worse. It was reported in the quarterly report of the Commodity Markets Outlook. According to experts, a basket of varieties of Brent, Dubai and WTI with …

World Bank to allocate $50 million to Armenia

Armenia will receive a third loan from the World Bank amounting to $50 million, the press service of the bank said. It is expected that the money will be spent on supporting a wide range of reforms promoting ...