|
Name of the organization |
World Bank |
|
General information about the organization |
· Establishment date: July, 1944 · The World Bank Group was originally known as the International Bank of Reconstruction and Development. · President: Ajay Banga (for 5 years from 02.06.2023) · Headquarters: Washington · Authorized capital: 10.000.000.000 USD · The World Bank Group includes the following institutions: - International Bank of Reconstruction and Development - International Development Association - International Finance Corporation - Multilateral Investment Guarantee Agency - International Center for Settlement of Investment Disputes · Members: 189 countries |
|
Information about cooperation between Azerbaijan and the organization |
· Azerbaijan's membership: 1992 · The Bank's local representative office was opened in Azerbaijan in 1996. · Governor from Azerbaijan: Chairman of the Central Bank · Alternate Governor from Azerbaijan: Minister of Economy · Sovereign loans were attracted for 52 projects. - 50 projects have been completed. - 2 projects is ongoing. · Ongoing projects: - Employment Support Project (Beneficiary: Ministry of Labour and Social Protection of Population; Period: 2020-2025) - Regional Connectivity and Development Project (Beneficiary: Azerbaijan’s State Motor Road Agency; Period: 2021 – 2026) |
