World Bank

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World Bank to help in cleaning up Absheron Lakes

World Bank to help in cleaning up Absheron Lakes

The World Bank (WB) will help to clean up and rehabilitate the lakes on the Absheron Peninsula in Azerbaijan. The relevant draft will be discussed at the World Bank's Board of Directors on July 18th 2017. The estimated cost of …

Azerbaijani stock market reaches new level

Azerbaijani stock market reaches new level

A ceremony of commissioning a single post-trading system and control of the securities market took place today in the building of the State Committee for Securities of Azerbaijan. It was attended by Chairmen of the Securities and …

World Bank ready to double aid to IDPs in Azerbaijan

World Bank ready to double aid to IDPs in Azerbaijan

The World Bank (WB) is ready to double aid to internally displaced persons in Azerbaijan within the framework of existing programs, a report of the Central Bank's office reports. "The new additional financing of the …

IMF and World Bank delegation arrives in Baku

IMF and World Bank delegation arrives in Baku

A delegation consisting of International Monetary Fund and World Bank members has arrived in Baku to discuss a possible aid package for Azerbaijan. The delegation will stay in Baku till February 4. The issue concerns an emergency loans’ package worth $4 billion, Trend reports with reference to the Financial Times newspaper.

World Bank lowers forecasts of oil prices

World Bank lowers forecasts of oil prices

The World Bank (WB) has revised its forecast in respect of oil prices for the worse. It was reported in the quarterly report of the Commodity Markets Outlook. According to experts, a basket of varieties of Brent, Dubai and WTI with …

Migrant workers transferred $33 billion from Russia

Migrant workers transferred $33 billion from Russia

According to the 'Migration and Remittances 2016' statistical handbook by the World Bank, migrants working have transferred $33 billion from Russia to their home countries in 2015.  …

World Bank creates energy development strategy for Georgia

World Bank creates energy development strategy for Georgia

The World Bank is developing a long-term strategy of development of the Georgian energy sector. During the meeting, representatives of the Bank's mission briefed the Georgian Finance Minister Nodar Khaduri with the proposals …

World Bank to allocate $50 million to Armenia

World Bank to allocate $50 million to Armenia

Armenia will receive a third loan from the World Bank amounting to $50 million, the press service of the bank said. It is expected that the money will be spent on supporting a wide range of reforms promoting ...

Lifting of sanctions against Iran will lower oil prices

Lifting of sanctions against Iran will lower oil prices

"Iran’s full return to the global market will eventually add about a million barrels of oil a day, lowering oil prices by $10 per barrel next year," the World Bank said. The World Bank MENA Economist, Lili Mottaghi ...

World Bank allocates $60 million to Georgia

World Bank allocates $60 million to Georgia

The Georgian regions of Mtskheta-Mtianeti and Samtskhe-Javakheti are to receive $60 million from the World Bank's concessional financial resources. According to the Ministry of Finance ...

New World Bank's strategy of cooperation with Azerbaijan approved

New World Bank's strategy of cooperation with Azerbaijan approved

The World Bank Group has approved a five year joint strategy (2015-2020), aimed at supporting Azerbaijan on its path toward sustainable development. The IFC’s primary focus is on supporting the continuing and strengthening initiatives to boost