EU-World Bank grant agreement with Azerbaijan to help increase competitiveness in market - EU official (PHOTO)
Date
2/16/2022 3:06:13 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 16
By Sadraddin Aghjayev - Trend:
The World bank and the EU have united their resources in
Azerbaijan for the first time to support the country's government,
Head of the EU delegation to Azerbaijan Peter Michalko said at the
ceremony of signing a grant agreement for the Azerbaijani
government worth $5.2 million, Trend reports.
Michalko said that this document will be aimed at the technical
support for the Azerbaijani government in accordance with its
strategic priorities.
“It will also contribute to the achievement of the corresponding
goals of the Azerbaijani government,” the head of the EU delegation
to Azerbaijan said.“Moreover, this initiative appears as a result
of the long-term cooperation between Azerbaijan and the EU. We are
confident that our cooperation will be positive and lasting.”
Michalko stressed that this program is envisaged till 2024 and
will cover such sectors as climate change, the fight against
COVID-19 pandemic, environmental protection and some other
spheres.
“It is also planned to support Azerbaijan in the business
sectors, the creation of smart cities and villages, assisting
women's business, introducing innovations in the country and a
number of other spheres,” the head of the EU delegation to
Azerbaijan said.
Michalko added that all this work will help reduce the impact of
the COVID-19 pandemic on the business and business sector, as well
as increase competitiveness in the Azerbaijani market.
“Our grant agreement serves the national development priorities
of Azerbaijan adopted up to 2030,” the head of the EU delegation to
Azerbaijan said.
Michalko said that the EU has recently allocated two million
euros for business development and inclusiveness in Azerbaijan.
The grant agreement for the Azerbaijani government will be
signed in Baku on Feb. 16.
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