Azerbaijan used 24% of ADB’s loan

Azerbaijan used 24% of ADB’s loan
# 31 March 2011 08:27 (UTC +04:00)
Baku. Nijat Mustafayve – APA-Economics. Azerbaijan and Asian Development Bank have signed 10 agreements on 7 projects in amount of $ 597 mln. One of them has been implemented.

Cabinet of Ministers says the total sum of loan on implemented project made $ 23.13 mln, on implementing projects - $ 573.4 mln.

As of early 2011, ADB has granted $ 144.4 mln in accordance to the signed agreements and it makes 24.2% of bank’s total loan: “Azerbaijan has used $ 47 mln in 2010”.

Note that, Azerbaijan has been in cooperation with ADB since 1999.
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