The Asian Development Bank (ADB) is ready to invest in both state-owned and private companies in Azerbaijan, said the Bank’s Private Sector Development Specialist Sanan Shabanov during his speech at the “Caspian Investment Forum,” APA-Economics reports.
The Asian Development Bank (ADB) has announced its readiness to participate as a direct investor in the capital market issuances of Azerbaijani companies.
He noted that the participation of more than 25,000 informed potential investors in last year’s IPO of ABB indicates growing interest in the local capitalisation process and signals that there will be no shortage of demand in the market. Shabanov added that ADB has already acted as an anchor investor in the Georgian Railway project and is ready to play the same role in Azerbaijan.
According to him, there is no problem on the issuer’s side, and there are enough financial directors in Azerbaijan who have a good understanding of the capital market. However, in order to increase companies’ access to the market, commercially favourable and clear mechanisms must be offered to them.
As a development bank, ADB takes into account not only commercial matters but also requirements related to climate, environment, and social impacts. Shabanov stated that for all state and private companies that are ready to comply with these standards, ADB can participate in the issuance process both as an investor and as an advisor.
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