Azerbaijan: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in financing ADB projects. The additional funds are provided in the form of official loans and grants, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s TFP.

From 1970 to the end of 2015, cumulative direct value-added (DVA) official cofinancing for Azerbaijan amounted to $2.5 million for one investment project and $2.7 million for six technical assistance projects. Cumulative DVA commercial cofinancing for Azerbaijan amounted to $802.3 million for five investment projects.

Azerbaijan: Projects Cofinanced, 1 January 2011–31 December 2015

Cofinancing No. of Projects Amount ($ million)
Projects 3 658.49
 Commercial cofinancing 3 658.49
Technical Assistance Grants 4 1.87

Investment Projects Cofinanced for Azerbaijan, 1 January 2011–31 December 2015

Project ADB Amounta
($ million)
Cofinancing Amount
($ million)
Type of
Cofinancingb
AccessBank Azerbaijan Promoting Rural Financial Inclusion 50.00 14.25 C
Senior Loan to AccessBank Azerbaijan Improving Financial Service Outreach for Agriculture 75.00 36.30 C
Shah Deniz Stage II Gas Field Expansion Project 250.00 607.94 C

a Loan, grant or blend.
b C = commercial cofinancing.