Asgar Alakbarov: World Bank is reliable partner of Azerbaijan

During 30 years of cooperation with Azerbaijan, the World Bank has allocated more than $4 billion in guaranteed loans for financing 52 projects and more than $30 million for over 110 technical assistance and grant projects, said Asgar Alakbarov, adviser to the Minister of Economy, at the annual meeting to review the progress of the Azerbaijan Rapid Technical Assistance Facility (AZTAF) program, Report informs.

According to him, the World Bank is also a reliable partner of Azerbaijan in the reconstruction and restoration works carried out in the country.

“The European Union and the World Bank are among the international organizations closely cooperating with Azerbaijan. Cooperation with international organizations, especially the European Union and the World Bank within the framework of various programs and projects, plays an important role in ensuring economic development. Cooperation with the European Union is one of the important directions in our foreign policy. Trade is one of the main areas of our bilateral cooperation. Azerbaijan is also an important partner of the European Union and one of the attractive places for European investors,” Alakbarov said.