World Bank

The World Bank is one of the largest donor organizations in the world serving the goals of global economic development and ensuring the distribution of financial resources. It was established on July 1, 1944 at the Bretton Woods conference. The World Bank is not a bank in the classical sense, but a specialized agency. It is one of the specialized agencies of the United Nations (UN). This agency, created by the UN, currently has 184 members. Member countries control the activities of this institution. The World Bank provides long-term loans and grants to developing countries at very low interest rates or without interest. The World Bank also cooperates with the government of Azerbaijan in the direction of structural reforms. In 1996, a local representative office of the Bank was opened in Azerbaijan.
About the projects implemented by the World Bank in Azerbaijan
Project title: 
Business Privatization Project
Develop agriculture in high mountainous areas while maintaining the ecological
equilibrium of natural resources and environment
following the loans extended by
International Fund for Agricultural Development (IFAD), increase the incomes of
population, use and manage active involvement, utilization of natural resources, help them with organization, benefit from financial, technical, commercial services, protect environment and enhance their living standards by cultivating in them the ability to protect
and restore environment
Agricultural Competitiveness Strengthening Project
Strengthening of sanitary and phytosanitary services, selected value chains strengthening and providing financial services to agribusiness enterprises helping agricultural producers access the markets through.