Bank Of Baku

ADB slashes investment in Azerbaijan by 41%

ADB slashes investment in Azerbaijan by 41%
# 25 February 2009 09:44 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. The fixed investments in Azerbaijan by the Asian Development Bank (ADB) was AZN 655 200 in January, down 40.9% on a year ago, said the State Statistical Committee.
The ADB investment accounted for 0.6% 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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