ADB's portfolio on Azerbaijan decreased by 30% last year

ADB's portfolio on Azerbaijan decreased by 30% last year
  • Clock-gray 19:24
  • calendar-gray 08 May 2020

Portfolio of the Asian Development Bank (ADB) on Azerbaijan decreasing by 30.2% amounted to USD 1,155 bln. in 2019, APA-Economics reports citing Bank’s report on finals of 2019.

Decrease of USD 500 thousand has appeared as a result of ADB’s refusal from providing credit in the amount of USD 500 thousand for the realization of Southern Gas Corridor project of Azerbaijan in 2019.

The ADB notes 41% of the grants and credits, included in the Bank’s portfolio on Azerbaijan has not been yet used until the end of the reporting year.

Mirsaid İbrahimzade

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