KfW allocates 105.5 mln more euros to Azerbaijan

Azerbaijan, Baku, Dec.20 / Trend, A. Akhundov / Azerbaijan's government signed five loan agreements with the German Development Bank (KfW) on Thursday. Documents were signed by KfW's General Director for Europe and Asia Roland Siller, Azerbaijani Finance Minister Samir Sharifov, Chairman of Azersu (the country's national water operator) Gorkmaz Huseynov, Chairman of Azerbaijani State Committee for Property Affairs Kerem Hasanov, Azersu released in its report. Under signed agreements, KfW will allocate 105.5 million euros to Azerbaijan, 102.5 million euros of which will be in loans, three million euros will be in grants. Some 102 million euros will be allocated to the JSC "Azersu" for the implementation of projects for the improvement of the water supply and sanitation systems, 3.5 million euros will go to the State Committee for Property Affairs to implement cadastral projects. Do you have any feedback? Contact our journalist at agency@trend.az