(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and the World Bank have discussed joint initiatives
to facilitate access to finance for SMBs, Azernews reports.
The discussion took place during the meeting between
Azerbaijan's Small and Medium Business Development Agency (SMBDA)
Board Chairman Orkhan Mammadov with the World Bank's Country
Manager in Azerbaijan Sarah Michael.
During the meeting, the parties also discussed the
implementation of joint projects in the mentioned direction.
SMBDA continues to hold meetings with local and foreign
businessmen to expand ties and implement new business
initiatives.
Azerbaijan joined the WB in 1992. Since then, the bank has
financed over 50 projects with total commitments of $4.4 billion.
It started economic cooperation in Azerbaijan to help increase the
country's institutional capacity and build efficient oil reserves
management. The WB has always supported the large-scale reforms
carried out in Azerbaijan.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
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