Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

Results of ADB-supported Operations: Azerbaijan

ADB has been a key partner in supporting the development agenda of Azerbaijan, as well as its economic growth and reform program. Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Overview

The Government of Azerbaijan has prepared a strategy, Azerbaijan 2020: Outlook for the Future, which will set the stage for the country's development, building on the economic and social achievements of the past years. The strategy’s target is to double the gross domestic product per capita by 2020, and it provides a framework for the transition from a traditional economy to a knowledge-based economy. The key challenge is to achieve rapid and sustainable development of the non-oil economy.

ADB's country operations business plan (COBP) for 2012-2014 primarily targets infrastructure development, which is a government priority, and is consistent with the government’s development objectives. It focuses on transport, urban services, and private sector development.

Fast Facts

9.24 (2012)
Population in millions

1.3% (2010-2012)
Annual population growth rate

7.6% (2011)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
22.00 / 1.53
Agriculture (1)
 
187.00 / 13.01
Energy (2)
 
66.00 / 4.59
Finance (4)
 
757.40 / 52.69
Transport and ICT (7)
 
405.00 / 28.18
Water Supply (4)
 
1,437.40 / 100.00
TOTAL (18)
Cumulative as of 31 December 2012