emergency loan

  • IMF, World Bank Ponder $4b Emergency Loan to Azerbaijan

    IMF, World Bank Ponder $4b Emergency Loan to Azerbaijan

    Thursday, 28th January 2016
    The International Monetary Fund (IMF) and World Bank (WB) are negotiating a possible $4b emergency loan for oil exporting country, Azerbaijan, helping it to cope with mounting currency and budget pressures due to a steep drop in crude prices.