Energy-rich Baku could end up lending a helping hand to next-door enemy, Armenia, via a World Bank program which gives loans to the world’s neediest nations, including Armenia.
Last week, Azerbaijan's Central Bank Governor Elman Rustamov told World Bank Vice President Joachim von Amsberg that the South Caucasus state is interested in contributing as a donor, Azerbaijani news outlets reported.
Azerbaijan this year shed all of its $300 million debt to the International Development Association (IDA), a World Bank mechanism offering the poor a chance to borrow their way to prosperity via low or no-interest loans. Armenia along with fellow Soviet alumni Georgia, Moldova, Kyrgyzstan, Tajikistan and Uzbekistan are on the list of IDA aid recipients.
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