- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

World Bank offers $48 million loan to Azerbaijan

Subscribe
BAKU, November 8 (RIA Novosti, Gerai Dadashev) - The World Bank will offer a $48 million loan to Azerbaijan for a project to introduce an automated management system of energy supply over the course of three years.

First Deputy Prime Minister of Azerbaijan Yagub Eyubov and World Bank Regional Director for the South Caucasus Donna Dowsett-Coirolo signed the relevant agreement in Baku Tuesday.

The loan will be secured for 20 years with an eight-year grace period at LIBOR + 0.5%.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала