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

Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Central Asia Regional Economic Cooperation Program: Eleventh Ministerial Conference

Ministers from 10 nations in Central Asia gathered in Wuhan, People’s Republic of China in October 2012 to discuss concrete ways to boost connectivity and cooperation in the sub-region. 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