Azerbaijan, World Bank discuss cooperation prospects, preparations for COP29
Azerbaijan’s Foreign Minister Jeyhun Bayramov on Wednesday held a meeting with a World Bank delegation led by Vice President for Europe and Central Asia Antonella Bassani, the Foreign Ministry’s press service told News.Az.
During the meeting, the parties discussed prospects for cooperation between Azerbaijan and the World Bank, as well as issues related to the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will be held in Baku this year. Minister Bayramov noted that cooperation within the World Bank also helps expand Azerbaijan’s ties with other regional and international financial organizations.
Providing detailed information on preparations for COP29, the minister said that during the country's chairmanship the emphasis will be on attracting financial resources and investments in the fight against global climate change. It was noted that, along with states, the World Bank can also become an important platform in terms of establishing contacts to determine the possible contribution of international financial institutions to this process.
Speaking about the ongoing large-scale restoration and construction work in the liberated Azerbaijani territories, FM Bayramov emphasized that the work being carried out is simultaneously aimed at effectively using the potential of the Karabakh and East Zangezur regions in the field of alternative energy.
At the meeting, the delegation congratulated Azerbaijan on its chairmanship of COP29 and expressed confidence that our country will demonstrate successful experience in its chairmanship, as well as in expanding cooperation with international financial institutions in accordance with the priorities of the chairmanship. In particular, the importance of steps for the practical implementation of global commitments that will be determined within the framework of COP29 was noted, and the World Bank’s readiness to support initiatives in this direction was emphasized.
The meeting also saw an exchange of views on other issues of mutual interest.
Similar news
