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. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

From 1999 to the end of 2016, 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 $809.41 million for five investment
projects.

Azerbaijan: Projects Cofinanced, 1 January 2012–31 December 2016

Cofinancing No. of Projects Amount ($ million)
Projects 3 665.62
    Commercial cofinancing 3 665.62
Technical Assistance Grants 4 1.87

Investment Projects Cofinanced for Azerbaijan, 1 January 2012–31 December 2016

Project ADB Amounta ($ million) Cofinancing Amount ($ million) Type of Cofinancingb
AccessBank Azerbaijan Promoting Rural Financial Inclusion 50.00 14.25 C
AccessBank Azerbaijan and Finca Azerbaijan Improving Financial Service Outreach for Agriculture 75.00 36.30 C
Shah Deniz Stage II Gas Field Expansion 250.00 615.07 C

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