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US Department of State: Azerbaijani government is seeking new investments in territories liberated from occupation

Following the release in November of a tripartite ceasefire declaration by Armenia, Azerbaijan, and Russia, which brought an end to the fall 2020 intensive fighting in Karabakh, the Azerbaijani government is seeking new investments in the territories liberated from occupation,” APA-Economics reports citing the document titled “2022 Investment Reports: Azerbaijan” published by the US Department of State.

“Azerbaijan’s 2022 budget includes an allocation of AZN 2.2 billion (USD 1.3 billion) for the restoration and reconstruction of these territories. These funds will be reportedly used to restore road infrastructure, electricity, gas, water, communications infrastructure, and the education and healthcare sectors, along with the restoration of cultural and historical monuments. The government is also pursuing green energy projects in this region. Reconstruction is expected to continue over the coming years, along with continued special budget allocations provided for rebuilding and resettling these territories. Demining these territories as part of reconstruction efforts remains a priority of the Azerbaijani government,” noted in the document.

Source: Azeri-Press News Agency