Azerbaijan, ADB Discuss Priorities Of Country's Socio-Economic Development (PHOTO)
Date
6/20/2023 6:04:00 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 20. Azerbaijan
and the Asian Development bank (ADB) have discussed the priorities
of Azerbaijan's socio-economic development, trend reports via the
tweet of Minister of Economy of Azerbaijan Mikayil Jabbarov.
"During the meeting with Executive Director of the
Asian Development Bank Rachel Thompson, representing the group of
countries that includes Azerbaijan, we discussed the priorities of
socio-economic development of Azerbaijan," Jabbarov said.
“We also reviewed the projects that have been
implemented between our country and the bank, as well as
Azerbaijan's effective representation in the Board of Directors of
the Bank," he said.
Meanwhile, the Presidium of the Asian Development Bank
(ADB) approved a loan of up to 34 million manat (about $20 million)
for the Azerbaijani Bank Respublika OJSC in order to increase
access to loans for women entrepreneurs and borrowers working in
the field of production, processing and trade in agriculture of
Azerbaijan on June 9, 2023.
The funds will be allocated to Bank Respublika by the
second quarter of 2024, the loan will be provided to Bank
Respublika for a period of three years in local currency or US
dollars.
The public-private Partnership Office of the ADB will
prepare a roadmap for public-private partnership within the
framework of the Partnership Strategy for 2024-2028.
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