ADB reveals volume of its portfolio for Azerbaijan

ADB reveals volume of its portfolio for Azerbaijan
# 10 January 2023 11:34 (UTC +04:00)

The Asian Development Bank (ADB) unveiled the volume of portfolio for Azerbaijan, APA-Economics reports citing the Bank.

To date, ADB has committed 65 public sector loans, grants, and technical assistance totaling $3.7 billion to Azerbaijan. Cumulative loan disbursements to Azerbaijan amount to $3.93 billion. These were financed by regular and concessional ordinary capital resources. ADB’s ongoing sovereign portfolio in Azerbaijan includes 2 loans and 1 sovereign guarantee worth $856.8 million.

"ADB’s country partnership strategy for Azerbaijan, 2019–2023, aims to boost private sector development, raise public sector efficiency, improve infrastructure, and strengthen human capital," says the bank.

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