WB: Azerbaijan to become donor country to assist poor nations

Speaking of Azerbaijan’s shares increase in the International Bank for Reconstruction and Development (IBRD) and the International Finance Corporation (IFC), which are the members of the World Bank Group, Tembon said that Azerbaijan has already given its consent and signed all necessary documents.
"The most important issue was to reach an agreement and obtain Azerbaijan’s consent. We have achieved that. But we still do not know how much the country will increase its shares. This is a long process that can take about ten years," Tembon stressed.

Besides the loans, WB allocated 45 grants to Azerbaijan totaling $41.586 million in 1995-2014.



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