The Asian Development Bank (ADB) has allocated a grant worth a total of $259,400 for the regional technical assistance project titled “Trade Support and Inclusive Green Growth 2026–2028,” in which Azerbaijan also participates, APA-Economics reports, citing the ADB.
According to the information, $112,500 of the project financing is provided by the ADB’s Technical Assistance Special Fund, while $146,900 is financed by the Australian government.
The project is aimed at improving trade policy, developing digital trade, promoting green economic growth, and strengthening regional integration in countries of the Asia-Pacific region, including Azerbaijan.
Within the framework of the technical assistance, an analytical report will be prepared, regional seminars will be held, and measures will be implemented to strengthen the institutional capacity of state institutions of the participating countries.
The ADB noted that the initiative will serve to strengthen the integration of developing member countries into global and regional value chains, reduce trade costs, and support inclusive economic growth.
Note that, along with Azerbaijan, Armenia, Georgia, Kazakhstan, Kyrgyzstan, Uzbekistan, and other ADB member countries are participating in the project.
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