Azerbaijan and ADB
In the Spotlight
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Trade Finance Key to Modernizing Economies in Central Asia and the Caucasus
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.
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ADB Approves $750 Million Loan Facility to Lift Power Reliability in Azerbaijan
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.
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Poverty in Azerbaijan
Get the latest statistical data on poverty and socioeconomic development in Azerbaijan and compare poverty indicators among countries in Central and West Asia.
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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.
Latest
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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.
Trade Finance Key to Modernizing Economies in Central Asia and the Caucasus -
ADB Approves $750 Million Loan Facility To Lift Power Reliability In Azerbaijan
ADB approved a $750 million multitranche program loan facility to upgrade power distribution networks in Azerbaijan to benefit over 1.4 million consumers and give the wider economy a lift by providing more reliable electricity supplies. -
Cumulative disbursements to Azerbaijan for lending and grants financed by ordinary capital resources, the Asian Development Fund, and other special funds amount to $1.23 billion.
Asian Development Bank and Azerbaijan: Fact Sheet
Projects in the Azerbaijan
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25
Maternal Mortality Ratio in Azerbaijan, per 100,000 live births (2015)
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1.3%
Average annual population growth rate in Azerbaijan (2010-2015)
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9.65
Population in Azerbaijan, in millions (2015)
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5%
Population living below the national poverty line in Azerbaijan (2014)
