Azerbaijan plans to borrow $5B for infrastructure projects and reconstruction after military offensive.

Azerbaijan plans to borrow $5 billion from international credit institutions for large infrastructure projects, including in territories secured during a military offensive in September, according to Finance Minister Samir Sharifov. The funds will be used for reconstruction and restoration efforts, aiming to boost the country's economic growth. Peace talks between Azerbaijan and Armenia are ongoing for border demarcation.

May 27, 2024
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