King Salman and President of the World Bank Jim Yong Kim met in Riyadh and dicussed aspects of cooperation between the Kingdom and the World Bank Group. Kim expressed the Bank’s desire to partecipate in the Kingdom’s Vision 2030. The President of the World Bank also met with Deputy Crown Prince Muhammad bin Salman and the two talked about cooperation on reconstruction of Yemen to overcome the current crisis and make available of the basic needs for Yemeni people.
The World Bank (WB) will make a decision regarding financing of the construction of the Azerbaijani part of the Trans Anatolian Natural Gas Pipeline (TANAP) project until late November 2016. The WB is in negotiations simultaneously with Turkey’s Botas Petroleum Pipeline Corporation and Southern Gas Corridor CJSC for financing TANAP.