Azerbaijan, World Bank Begin Financing Discussions

22 Apr 2014 by Local Press Report

The government and the World Bank (WB) have not yet completed the negotiations on additional funding for the Azerbaijan Water Users Associations Development Support Project (WUAP). According to the WB Baku office, the negotiations on the additional funding project started last week and have not been completed yet. “To complete the process of negotiations the parties have to finalize the project documentation”, - the Baku office said. It’s expected that the government will provide up to $84 million for WUAP additional funding. Together with the expected funding from the World Bank ($150 million) it will increase the WUAP (AF) budget up to $234 million...

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