OREANDA-NEWS. January 26, 2010. The issue of IDA further financing for Azerbaijan in fiscal year 2011 and following years has not been defined. Its clarification is possible in May or June of 2010,” the Baku-based WBG office informed.

Development of new Country Partnership Strategy (CPS) is now underway. WBG plans to adopt new CPS instead of CPS for 2007/2010, adopted in 2006 and expanded in 2008.

Consultations within the framework of development of CPS for 2011-14 are conducted on 19-21 January. Talks on CPS bear preliminary character.

A pilot version of the Strategy can be proposed in the next one or two months.

Earlier, the Azerbaijani government entrusted the ministries, institutions and the CBA in connection with analysis and prepare offers on cooperation with WB. They had to appraise necessity of cooperation, define priorities of such cooperation and to offer relevant projects. The Bank initially planned to speed up work over CPS in 2010.

Azerbaijan has been a WBG member since 1992. By the present WBG has given loans for US2.506 bn to Azerbaijan for 47 projects.

In 2008, CPS extra funding made US 600 million per year or US 1.2 bn for the term of two years until the strategy expired. Extra financing from the bank also totaled US 1.26 bn, allocated to 1st July 2008.