The office term of the World Bank (WB) country manager for Azerbaijan, Larisa Leshchenko, will expire in late June 2016, the WB Baku office told Trend June 6.
For the present, it is unknown who will lead the WB Baku office.
Currently, the WB management is selecting candidates for that position, said the WB office.
World Bank’s country manager is usually appointed for three years, but this term can be extended for another year. Leshchenko was appointed the WB country manager for Azerbaijan in September 2012.
Azerbaijan became a WB member in 1992.
The World Bank has allocated nearly $3.786 billion worth loans to Azerbaijan as of Feb. 1, 2016. Those funds were directed to finance over 60 projects.