BAKU, Azerbaijan, January 19. On January 19,
Sahil Babayev, Minister of Finance of the Republic of Azerbaijan,
met with Sameh Wahba, the Regional Director for Sustainable
Development in the Europe and Central Asia region, and discussed
strengthening collaboration in the water and agriculture sectors,
Trend reports,
citing the Ministry of Finance.
The meeting focused on opportunities to deepen Azerbaijan’s
partnership with the World Bank, ongoing and future programs
implemented by the Bank in the country, and the current status and
prospects of cooperation, particularly in water and
agriculture.
Minister Babayev emphasized that Azerbaijan places great
importance on its partnership with the World Bank, noting that
Bank-financed projects and technical assistance play a crucial role
in the country’s socio-economic development. Highlighting priority
issues in agriculture and irrigation, he said the “Competitive and
Sustainable Agriculture and Irrigation Services” project aims to
enhance productivity and sustainability while strengthening
competitiveness across various value chains. The project focuses on
improving irrigation systems, introducing climate-smart and
market-oriented technologies, modernizing agricultural practices,
and implementing additional measures that support the sustainable
development of the sector.
World Bank representatives praised the reforms and
socio-economic achievements Azerbaijan has made in recent years,
expressing their interest in continuing and expanding the
partnership. They noted that ongoing and planned projects in the
water and agriculture sectors are crucial for sustainable
development, climate adaptation, and improving rural
livelihoods.
The meeting also explored cooperation in transport, logistics,
and road infrastructure. Both sides highlighted the importance of
advancing potential projects, fostering regional integration, and
promoting sustainable infrastructure development through
strengthened collaboration.
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