World Bank plans to hold Icherisheher Festival in Baku

Informing about it World Bank manager on the country Ahmad Jabani stated that, WB will present 5 projects during the financial year.

These projects are "Improving electric providing systems" and "Assistance Program on decreasing poverty".

$50 million are estimated to allocate to the first and $20 million to the second one in the above mentioned projects. More two projects have been confirmed by Directors' Council, credit contracts have not been signed yet.

Bank official stated that, Azerbaijan will have chance to get larger number of credit by means of the conditions of European Bank for Reconstruction and Development beginning from June1 this year. A.Jabani also added that, WB plans to hold Icherisheher festival in Baku in June.

/APA/