ADB allocated about 5 bln dollars to Azerbaijan so far

ADB allocated about 5 bln dollars to Azerbaijan so far
# 28 April 2021 15:52 (UTC +04:00)

Since 1999, ADB has committed $4.91 billion in loans and $35.4 million in technical assistance for Azerbaijan, APA reports citing ADB.

Cumulative loan disbursements to Azerbaijan amount to $3.62 billion. These were financed by regular and concessional ordinary capital resources.

Improved power distribution delivers energy more reliably and reduces power outages across Azerbaijan. ADB has helped increase the availability of reliable electricity supply to more than 100,000 consumers in 13 regions and 3 cities, with 90% of consumers being households.
ADB has helped construct approximately 395 kilometres of new and upgraded highways and rural roads in Azerbaijan. In the Agstafa and Gazakh districts, ADB-supported projects have improved road conditions and reduced travel times for 16 villages by rehabilitating 41.3 kilometres of rural roads and reconstructing four bridges. A total of 20,500 people now have all-season and easy access to schools, markets, and health facilities.

 

 

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THE OPERATION IS BEING PERFORMED