Azerbaijan and ADB
In the Spotlight
Supporting financial institutions is important as countries in Central Asia and the Caucasus work to reform and modernize their economies, says ADB's Nana Khurodze.
ADB has approved a $750 million multitranche program loan facility to upgrade power distribution networks in Azerbaijan, that will benefit over 1.4 million consumers and give the wider economy a lift by providing more reliable electricity supplies.
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.
Projects in the Azerbaijan
Maternal Mortality Ratio in Azerbaijan, per 100,000 live births (2015)
Population living below the national poverty line in Azerbaijan (2014)
Average annual population growth rate in Azerbaijan (2010-2015)
Population in Azerbaijan, in millions (2015)