Countries and Regions

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p. 9 of 11 BACK | NEXT I. Current Development Trends and Issues II. Implementation of the Interim Operation Strategy III. Portfolio Management Issues IV. Country Performance and Assistance Levels Appendixes

Country Strategy and Program Update 2006: Azerbaijan

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III. Portfolio Management Issues

33. ADB has approved three projects to Azerbaijan (five loans), all of which are active (see Appendix 1, Tables A1.6 and A1.7). The first project, Flood Mitigation, was approved in December 2003, became effective in December 2004, and is being implemented. The second project, Urban Water Supply and Sanitation, was approved in December 2004, and the loan agreements were signed in November 2005. However, implementation of this project is rated unsatisfactory due to delays in fulfilling conditions for loan effectiveness. The third project, East-West Highway Improvement, was approved in December 2005. Loan and TA processing continues to experience delays whenever Government approvals are required, although the establishment of the resident mission in 2004 has improved the situation somewhat. The resident mission is working closely with Ministry of Economic Development to improve its understanding of the Government’s internal processing requirements to eliminate bottlenecks.

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