ADB reveals amount of funds to be allocated to Azerbaijan in 2022
Date
3/16/2022 1:40:58 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Mar.16
By Leman Zeynalova – Trend:
In 2022, ADB plans to commit 150 million USD to Azerbaijan,
Candice McDeigan, country director of the Asian Development Bank
(ADB) for Azerbaijan said in an exclusive interview with Trend .
She recalled that ADB approved a $250 million loan to the
Government of Azerbaijan in July 2021 to help implement its
comprehensive plan to mitigate the adverse health, social, and
economic impacts of the pandemic.
'In addition to the loan, ADB also provided $250,000 in
technical assistance to support ongoing public financial management
reforms,' added the country director.
Regarding the investments in Karabakh, McDeigan pointed out that
investments in general have positive impact on the economic
performance, especially on construction and employment as well as
on services.
'Foreign direct investment will strengthen country's external
position, by widening current account balance,' she said.
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