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07.06.2013 16:45

Azerbaijan's transport sector not facing problems with investment support

The high credit rating allows international investors to trust Azerbaijan, easily issuing loans for the development of different major projects, including in transport.

The statement came from head of the transport ministry's board of Azerbaijan Javid Najafov as part of the International Transport Forum in Leipzig, 1news.az reports.

"Owing to the internal reserves of the country for Azerbaijan the issue of transport sector financing is not too sharp. Numerous major projects are financed from the state budget and oil fund", he said in an interview with Azerbaijani journalists.

All the same, Azerbaijan cooperates with international financial institutions, major international banks that issue loans for development of different projects.

Among them, is the European Bank for Reconstruction and Development, European Investment Bank, World Bank. According to Najafov, good indicators of economic development promote ease raising of these loans.

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