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Azerbaijan: Financial Services Development Project

Date: January 6, 2005

WASHINGTON, January 6, 2005  - The following project was approved today by the World Bank’s Board:

 

 

CREDIT AMOUNT: US$12.25 million

TERMS: Grace period = 10 years; Maturity = 40 years

PROJECT DESCRIPTION: The project aims to facilitate the implementation of the country's Poverty Reduction Strategy and economic reform programs related to regional development and development of the non-oil sector. This will be done through improved access to financial services and improvements in the financial architecture in rural areas. The project has the following components: build financial service capacity in rural areas; finalize the development of the National Payment System Architecture; and finance investments, technical assistance and training. For more information, please call Erik Nora at (202) 458-4735, or email enora@worldbank.org. For project information documents, visit:

http://web.worldbank.org/external/projects/main?pagePK=104231&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P081616

 

 


For more information, please visit the Projects website.




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