Azerbaijan and World Bank explore renewable energy and green city projects

Azerbaijan's Minister of Economy Mikayil Jabbarov met with Sameh Naguib Wahba, World Bank Regional Director for Sustainable Development in Europe and Central Asia, to discuss the growing cooperation between Azerbaijan and the World Bank.

According to Report, which cites the ministry, during the meeting, both parties expressed satisfaction with the development of their partnership. It was emphasized that joint projects contribute to the diversification of Azerbaijan's economy, the growth of the private sector, infrastructure, agriculture, and other industries, as well as the management of solid household waste.

Information was provided about potential areas of cooperation with the World Bank, priority projects for the coming years, renewable energy projects being implemented in the country, steps to support employment, and research conducted by the bank to support state-owned enterprises. The sides also discussed the possibilities of partnership within the framework of COP29.

They further exchanged views on joint activities under the "Green and Sustainable Cities" project, the restoration of Baku's water supply and sewerage systems, "smart solutions" in agriculture and irrigation systems, and the Partnership Framework Document for 2025-2029. This document encompasses investment programs and technical assistance tailored to Azerbaijan's national priorities.