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05 August 2011 [17:29] - Today.Az


The World Bank plans to review its projects in Azerbaijan in October, WB Country Manager for Azerbaijan Joseph Owen told journalists.

He said Azerbaijan’s portfolio consists of 20 projects worth $2.3 billion.

"The bank’s main goal is to achieve desired results and accelerating project implementation project," Owen said.

Since joining the WB in 1992, the commitments to Azerbaijan total $2.9 billion in 43 projects.

Azerbaijan ranks third in the world after Turkey and Kazakhstan in terms of its WB portfolio volume.


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