Republic of Azerbaijan: Real Estate Registration Project

 

WASHINGTON, March 21, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN: US$30 million

TERMS: Maturity = 20 years; Grace Period = 5 years.

PROJECT DESCRIPTION: The objective of the project is to ensure a reliable, transparent and efficient real estate registration system to improve both the legal security for real estate and the management and use of State-owned immovable property in the country.

 

For more information, please call Steven Jouy at (202) 473-4215 or email: sjouy@worldbank.org

For more information on the project, please visit the project web site.