Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. 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

CAREC Transport and Trade Facilitation Strategy 2020

The Transport and Trade Facilitation Strategy 2020 of CAREC is anchored on a more integrated approach to improving transport and logistics infrastructure in Central Asia, and promoting trade and transport facilitation. 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 work in Azerbaijan focuses on support for infrastructure and private sector operations in the oil and gas industry, trade finance, and commercial bank lending to support small and medium-sized enterprises and agribusiness.

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