Azerbaijan and ADB
In the Spotlight
ADB Approves $400 Million to Support Azerbaijan's Rail Sector, Modernize North-South Railway Corridor
ADB's Board of Directors has approved two loans totaling $400 million to help strengthen Azerbaijan’s railway sector and modernize and rehabilitate the Sumgayit–Yalama rail line, a key link in the North–South Railway Corridor.
ADB's Board of Directors has approved $250 million in policy-based loans to support Azerbaijan's efforts to strengthen governance in the public sector and diversify the economy through greater private sector participation.
ADB President Takehiko Nakao participated in the inaugural ceremony of the CAREC Institute, together with more than 100 participants from CAREC member countries and development partner organizations.
ADB operations in Azerbaijan are closely aligned with the government's priorities, including diversifying the economy beyond the oil sector. It is focused on promoting inclusive economic growth and regional cooperation efforts.
Azerbaijan’s gross national income per capita has increased approximately tenfold in a decade and a half. This robust growth has been largely driven by the extraction and processing of fossil fuels, along with high levels of public expenditure.
The ADB country partnership strategy, 2014–2018 for Azerbaijan aims to diversify the economy, foster new economic opportunities, promote inclusive growth, and reduce disparities between urban and rural areas.
Azerbaijan is a member of the Central Asia Regional Economic Cooperation (CAREC) Program.
Projects in the Azerbaijan
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Population in Azerbaijan, in millions (2016)
Population living below the national poverty line in Azerbaijan (2015)
Average annual population growth rate in Azerbaijan (2011-2016)
Maternal mortality ratio in Azerbaijan, per 100,000 live births (2015)