During 30 years of cooperation with Azerbaijan, the World Bank has allocated more than $4 billion in guaranteed loans for financing 52 projects and more than $30 million for over 110 technical assistance and grant projects, said Asgar Alakbarov, adviser to the Minister of Economy, at the annual meeting to review the progress of the Azerbaijan Rapid Technical Assistance Facility (AZTAF) program, Report informs.

According to him, the World Bank is also a reliable partner of Azerbaijan in the reconstruction and restoration works carried out in the country.