ADB allocates over $1.3B loan to Azerbaijan in 2016

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# 09:35
24 April 2017

Of this, $520 million was allocated for expansion of energy network, $75 million for improvement of water supply, $500 million for Shahdeniz, $500 million for support to economic growth in the country.

 

This amount does not include $500 million allocated for the Southern Gas Corridor.

 

As of December 31, 2016 ADB’s loan portfolio on Azerbaijan’s private sector makes up $373.6 million.

 

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THE OPERATION IS BEING PERFORMED