ADB's Work in Azerbaijan
Shareholding and Voting Power
Number of shares held:
47,208 (0.444% of total shares)
86,905 (0.653% of total membership, 1.005% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Azerbaijan joined ADB in 1999. ADB operations in Azerbaijan was guided by the country partnership strategy (CPS), 2014–2018, which supported the diversification of Azerbaijan’s economy, fostering of new economic opportunities, promotion of inclusive growth, and reduction of disparities between urban and rural areas.
A country diagnostic study conducted in 2018 identified short-, medium-, and long-term growth constraints faced by Azerbaijan, and suggested priority reforms to address such constraints. The next CPS for Azerbaijan (2019–2023) has been prepared for endorsement in 2019. It will support acceleration of economic diversification and inclusive growth through the implementation of three pillars: (i) boosting private sector development, (ii) raising public sector efficiency, and (iii) improving infrastructure and strengthening human capital.
Loans has enabled small bussinesses a chance to develop and grow
ADB’s country operations business plan, 2019–2021 is aligned with the Government of Azerbaijan’s Strategic Roadmap on the National Economy Perspective adopted in December 2016. ADB’s indicative sovereign lending program for Azerbaijan over the plan’s period totals $815 million.
Cumulative loan disbursements to Azerbaijan amount to $3.09 billion. These were financed by regular and concessional ordinary capital resources.