In accordance with its country partnership strategy, 2019–2023 for Azerbaijan, ADB will emphasize synergy between its sovereign and nonsovereign operations, increased knowledge sharing, and promotion of innovation, APA-Economics reports citing ADB.
ADB’s private sector operations will seek to support small and mediumsized enterprises, especially those involved in noncyclical sectors and operating outside Absheron peninsula. The bank may also engage with SOEs to attract private capital. Through its nonsovereign trade finance program, ADB will seek to provide guarantees and loans to local banks, aiming at closing market gaps and promoting non-oil trade. It may support public–private partnership infrastructure projects through equity or debt finance. ADB’s increased knowledge work will provide technical advice and share knowledge to address constraints to economic diversification andinclusive growth.