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Azerbaijan uses $188M of loans allocated by ADB

Azerbaijan uses $188M of loans allocated by ADB

07 March 2016 08:17 (UTC +04:00)

According to the agreements, the ADB has directly allocated $1,613,300,000 to Azerbaijani government on 11 projects covering motor road construction, water supply and sewerage system of towns, melioration and measures against flood.

4 projects have been completed, 7 projects are underway. Loans used on completed projects made $152.5M, loans on ongoing projects makes $1,460,800,000.

The funds used as of January 1, 2016, amounted to $784.3M, which make 48.6% of total loans.

In 2015, $188.1 mln was used.

As of January 1, 2016, $41.2M was repaid.

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