Bank Of Baku

ADB: “We interest in crediting of projects in energy and transport spheres of Azerbaijan”

ADB: “We interest in crediting of projects in energy and transport spheres of Azerbaijan”
# 24 November 2010 12:23 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijani Minister of Finance Samir Sharifov received Olly Norojono, Asian Development Bank’s new permanent representative to the country.

The Ministry of Finance informs that in the course of the meeting the sides exchanged views on the current state of cooperation between the Bank and Azerbaijan.

Mr. Norojono stated that the ADB finds it attractive to finance projects in energy and transport sectors. He added that the Baku-based ADB resident office was preparing a plan-strategy on business development in the country.

Note that, Azerbaijan has been a member of ADB since 1999. By early 2010 ADB’s loan portfolio in the country totaled $660.4 million on 14 projects, while technical assistance was rendered for $13.122 million.
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