ADB to allocate $465 to Azerbaijan in coming tree years

 ADB to allocate $465 to Azerbaijan in coming tree years
# 16 December 2013 12:42 (UTC +04:00)

Norojono said that according to Business-Plan, annually $155 mln will be allocated to Azerbaijan. The projects reflected in the document have already been agreed with the government. Regarding the strategy, discussions are being held. Among the further cooperation directions, the Bank included projects on alternative and renewable energy and improvement of Baku transport system in the documents. It’s noted that decision on granting to provide technical assistances on new directions already been taken.

About projects realized during this year, Norojono stated that ADB has allocated $150 mln for water supply and sewerage system n Agjabadi and Nakhchivan. At the same time, works on energy transferring project in the worth of $160 have been completed. Bank has allocated $50 mln to Accessbank within support to micro, small ad medium entrepreneurship.

Along with this, Bank is ready to discuss the terms of the $45 mln-loan for reconstruction of 4 bridges and local roads in Ganja with the government. At the same time, ADB carried out evaluation of Ganja winding path project in the worth of $55 mln assessed the results as successful.

Totally, bank’s loan portfolio on Azerbaijan increased to $1.2 bln from $500 mln in the past three years.

To noted that ADM included Azerbaijan in its C level – middle-income countries’ list.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED