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 documents

Iranian Azeris commemorate national hero


ECONOMICS

Drilling of first well on Absheron to complete mid-July

Good forecast for non-oil sector

ARRA economizing credit means

EU project calls for assistance in underground construction


ECOLOGY

New Ecology Minister focuses on national parks


SOCIAL LIFE

Handicapped, war-victim families housed


ACCIDENT

2 killed in railway accidents


INTERNATIONAL

Int'l Rescue Committee to augment aid


MISCELLANEOUS

New “invaders” of Garabagh

90,000 return home following rehab work


Archive



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