TODAY.AZ / Business

World Bank to allocate a new credit

24 July 2006 [11:50] - TODAY.AZ
The World Bank may allocate the Government of Azerbaijan for development of accounting system. The sides are negotiating on components of the project.

WB Office in Azerbaijan told APA that the WB mission visited Azerbaijan and the Finance Ministry of Azerbaijan represents Azerbaijani Government in the talks.

During implementation of the project the major focus will be on conduct of trainings, application of international standards and increase of knowledge on accounting. But it is not exactly known how much payment will be authorized.

The World Bank has allocated over 900mn to Azerbaijan since 1992.


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