Azerbaijan allocates $11.3bn for Karabakh & Eastern Zangazur reconstruction

zerbaijan will allocate AZN19.2bn ($11.3bn) for the reconstruction of Karabakh and Eastern Zangazur until 2026, economist and MP Vugar Bayramov said.

He emphasized that over this period, 160,000 Azerbaijani IDPs will return to their historical homelands.

"Some 19.2bn manats ($11.3 B) will be allocated for the #reconstruction of #Karabakh & #Eastern #Zangezur until 2026. During this period, 160K #Azerbaijanis who lived 30 years of #IDP life will return to their historical #home #lands. Karabakh is being rebuilt & developing. #Peace," he tweeted.

In 2021, Azerbaijan allocated $1.5bn for the reconstruction of liberated territories and it was used primarily for the restoration of infrastructure (electricity, gas, water, communications, roads, education, health, and so on) as well as cultural and historical monuments.

In 2022, the state budget provided AZN2.2 billion ($1.3bn) for the reconstruction of Azerbaijan's liberated territories.

Moreover, some AZN3bn ($1.7bn) is provided from the state budget for the restoration of Azerbaijan's liberated lands in 2023. The restoration of the country's liberated territories and ensuring the Great Return process are some of the main directions for the draft law of the state budget for 2023.

Since the liberation of Karabakh from the Armenian occupation in 2020, work has been underway to restore Azerbaijan's liberated lands. Azerbaijan will rebuild its recently liberated areas in four stages. The initial stage includes the solution to the issues of governance and security, and infrastructure, while the subsequent stages include the solution to the issues of social services activities, reconstruction, and development of the economy.