Azerbaijan and ADB
In the Spotlight
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.
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 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
No projects in this category were found.