 | ARRA economizing credit means |
According to the director of the Agency for Reconstruction and Rehabilitation of Azerbaijan (ARRA) Ali Mammadov, the agency is trying to economize the credit means provided by the World Bank and the Islamic Development Bank. Thus, only $10 million has been spent of the WB’s credit of $20 million. Similarly, half of the IDB funds has been saved, which has been possible due to lesser expenses and control over expenditure, he said. The economized funds will enable the agency to expand the geography of rehab operations.*
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Issue: June, 30, 2001
POLITICS
COE publishes Azeri-prepared documentsIranian Azeris commemorate national hero
ECONOMICSDrilling of first well on Absheron to complete mid-JulyGood forecast for non-oil sectorARRA economizing credit meansEU project calls for assistance in underground construction
ECOLOGYNew Ecology Minister focuses on national parks
SOCIAL LIFEHandicapped, war-victim families housed
ACCIDENT2 killed in railway accidents
INTERNATIONALInt'l Rescue Committee to augment aid
MISCELLANEOUSNew “invaders” of Garabagh90,000 return home following rehab work
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