Azerbaijan and ADB
In the Spotlight
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Azerbaijan's Latest Country Fact Sheet
ADB supports Azerbaijan in diversifying the country’s economy, fostering new economic opportunities, promoting inclusive growth, and reducing disparities between urban and rural areas. Read the latest fact sheet.
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Road Asset Management Best Practices in Central Asia
This publication compiles the best practices for the introduction and development of road asset management based on a desk review of the experiences in the 11 member countries of the Central Asia Regional Economic Cooperation (CAREC) Program, including Azerbaijan.
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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.
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Azerbaijan: A Cradle of Humanity Embraces Modernity
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.
Latest
Double-digit inflation and declining oil revenue and industrial output have had a profoundly adverse effect on Azerbaijan’s finance sector.
Financial Inclusion, Financial Literacy, and Financial Education in Azerbaijan
Opening Remarks at the CAREC High-Level Session on New Opportunities for Regional Cooperation – Wencai Zhang
Opening remarks by ADB Vice-President Wencai Zhang at the CAREC High-Level Session on New Opportunities for Regional Cooperation: The Potential of CAREC–BRI Collaboration on 3 May 2018 in Manila, Philippines.
ADB Seminar Furthers Potential of Broader CAREC-BRI Collaboration
CAREC member countries can capitalize on new regional and international development dynamics, including BRI, to strengthen regional infrastructure, boost trade, and reduce poverty, according to participants at an ADB seminar.
Projects in the Azerbaijan
Proposed
No projects in this category were found.
Approved/Active
- Modernizing Sanitary and Phytosanitary Measures to Facilitate Trade
- Railway Sector Development Program
- Improving Governance and Public Sector Efficiency Program (Subprogram 1)
- Rapid Response Support for Strategic Reforms
- Promoting Low-Carbon Development in Central Asia Regional Economic Cooperation Program Cities
