Finance

Finance

Four ADB missions to visit Baku

07 June 2012 08:02 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Several ADB missions visiting Baku in May and June.

Independent Evaluation mission, that already started its work on May 29 to aims to prepare Validation Report for Self Evaluation of ADB Supported Azerbaijan Operations 2001-2011. Mission representative led by Mr. Rajesh Vasudevan, Evaluation Specialist, met with government officials from Ministry of Economic Development, Ministry of Transport, Azerroadservice OJSC, Azerenergy OJSC, Azersu JSC.
Azerbaijan Railways JSC, and Azerbaijan Amelioration and Water Farm OJSC. The mission also met Garadagh Cement representative and development partners. The mission visited ADB-financed projects in Ganja. The mission will end its work on June 5.

Next mission, Safeguards Review Mission, will visit Azerbaijan on June 21-26. Its primary objective is to review status of Road Network Development Program in complying with environment and involuntary resettlement safeguards requirements and compile documentation of good practices and issues that can be used for future projects, training materials or case studies for knowledge products. Mr. Ralf Starkloff, Senior Social Development Specialist will lead the mission work. They will meet with the projectâ€™s implementing agency representatives, supervision consultants, and contractor; and conduct field visits and dialogue with affected persons.

The third mission is planned for the second half of June, led by Mr. Kapil Thukral, Senior Evaluation Specialist, who will review implementation of the bank-wide multitranche financing facilities and take Road Network Development Program as a case study. The team will assess the effectiveness of the facility in executing the program and helping the government improve the sector.

The last mission in June will be due-diligence activities headed by Mr. Reddy Bathula Balabhaskara, Senior Transport Specialist, who will assess a possible new financing facility in the road sector.