ADB may allocate technical assistance of USD 5.8 mln. for Azerbaijan in 2020-2022

ADB may allocate technical assistance of USD 5.8 mln. for Azerbaijan in 2020-2022
  • Clock-gray 15:27
  • calendar-gray 17 February 2020

ADB’s active portfolio consists of 3 loans (two in road and one in railway sectors) and 6 technical assistance projects (TAs) in Azerbaijan, ADB's Baku Office told APA-Economics.

According to the Office, in addition, number of Azerbaijan government agencies are receiving advisory assistance from ADB-funded regional TAs: "In 2020-2022, total volume of technical assistance, allocated by the ADB for Azerbaijan is expected to be USD 5.8 mln. Last year ADB allocated USD 3.2 mln. for 5 technical assistance projects for Azerbaijan."

Note that the projects in the active portfolio of ADB on technical assistance in Azerbaijan includes piloting a floating solar project, policy advice in streamlining targeted social assistance, introducing savings-based pension scheme, launching gender-responsive budgeting, improving ecosystem for startups development - are all funded from regional TAs.

Mirsaid İbrahimzade

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