» Magnificent success of Second Rural Investment Project


Magnificent success of Second Rural Investment Project

15-12-2012, 16:31, Saw: 403

Recently an event celebrating 20th anniversary of the partnership between the World Bank and the Government of Azerbaijan was held in Baku. Broad information was provided about the World Bank operations in Azerbaijan and it was emphasized that the World Bank plays an important role in the achievements of economic development in Azerbaijan with over $ 3,136 billion credit in total for all sectors over the last 20 years. It was noted that this successful partnership was founded by national leader Heydar Aliyev and Azerbaijan has received strategic support for development and change during these years from the World Bank. Currently, 20 World Bank funded projects are implemented in the country. It was also mentioned that the World Bank is ready to provide all kind of further support to Azerbaijan to help it in reaching its objectives to diversify economy and increase efficiency in the use of oil revenues as Azerbaijan is one of the biggest partners of this high-level institution in the region.

Speeches were followed by a video clip “World Bank – projects implemented during 20 years” and certificates on various nominations were presented.

Second Rural Investment Project implemented by State Agency on Agricultural Credits under the Ministry of Agriculture of Azerbaijan Republic was awarded with a certificate signed by the Deputy Prime Minister of Azerbaijan Republic Mr. Abid Sherifov and the World Bank Regional Director for the South Caucasus Mr. Henry Kerali and with a keepsake for the nomination “Enabling rural population to participate in the projects targeting to improve their own living conditions”. We congratulate Second Rural Investment Project for this success and wish further achievements in the continuation of its charitable mission!

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