BAKU, November 8 (RIA Novosti, Gerai Dadashev) - The World Bank will offer a $48 million loan to Azerbaijan for a project to introduce an automated management system of energy supply over the course of three years.
First Deputy Prime Minister of Azerbaijan Yagub Eyubov and World Bank Regional Director for the South Caucasus Donna Dowsett-Coirolo signed the relevant agreement in Baku Tuesday.
The loan will be secured for 20 years with an eight-year grace period at LIBOR + 0.5%.
