ADB slashes investment in Azerbaijan

ADB slashes investment in Azerbaijan
# 30 April 2009 07:44 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. The fixed investments in Azerbaijan by the Asian Development Bank (ADB) was AZN 1 368 400 in January-March, down 44.6% on a year ago, said the State Statistical Committee.
The ADB investment accounted for 0.5% of fixed capital investments in Azerbaijan by foreign countries and international organizations.
Azerbaijan joined the ADB in 1999. Since then, the ADB has provided $200 million to Azerbaijan.
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