World Bank approves additional funding for Azerbaijan rural investment project.

0 Comments | M2 Presswire, March, 2008

M2 PRESSWIRE-28 March 2008-The World Bank Group: World Bank approves additional funding for Azerbaijan rural investment project(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:28032008

WASHINGTON -- The World Bank today approved US$15 million in Additional Financing for the ongoing Rural Investment Project (AzRIP) that aims at improving living standards and increasing the use of infrastructure services for households in rural communities. The Additional Financing Credit will help expand the ongoing AzRIP project to new areas, increasing the number of beneficiaries, ensuring greater cost efficiency, and extending the life of the project by three years.

Poverty in Azerbaijan is now declining rapidly, however most improvements in welfare have been...

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