The Azerbaijani Government
and the World Bank (WB) signed a loan agreement for the Capital Market
Modernization Project (CMMP) today.
The WB has allocated a loan
worth $ 12 million to
State Securities Committee Chairman Rufat Aslanli undersigned the loan
agreement on behalf of the Azerbaijani Government. WB Baku office head Joseph
Owen signed the document on the bank’s behalf.
"The project is
designed to assist the realization of the securities market development strategy
in
This project is a
continuation of the WB support to strengthen and diversify the financial sector
in
The project will be funded
through credit resources of the International Bank for Reconstruction and
Development (IBRD is part of the WB).
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