Azerbaijan signs 12 loan agreements in worth of $1 bln with international financial organizations last year

Baku: To finance different projects, 12 loan agreements in the worth of $978.3 mln was signed with the international financial-credit organizations, including donor countries on the basis of state guarantee in 2014, this was reflected in the report of the Cabinet of Ministers on activity in 2014.

APA-Economics reports that 5 agreements in the worth of $381.6 mln were signed with the World Bank, 3 loans agreements in the worth of $445 mln with the Asian Development Bank, 2 agreements in the worth of $65.5 mln with the Korea Eximbank (KEXIM), 1 agreement in the amount of $ 51.2 mln with Societe-Generale Bank and 1 agreement in the amount of $35 mln with the Saudi Fund for Development.

SOURCE: Azeri Press News Agency