Tuesday, 02 January 2024 12:17 GMT

ADB Reaffirms Commitment To Azerbaijan With New Country Partnership Strategy


(MENAFN- AzerNews)

Since 1999, ADB has invested $5.5 billion in the country through 145 loans, grants, and technical-assistance projects, helping to modernize transport infrastructure, expand energy capacity, improve water and sanitation services, strengthen finance and education sectors, and enhance healthcare. Central to this cooperation is the ADB's Country Partnership Strategy (CPS), which guides the Bank's collaboration with Azerbaijan over multi-year periods. The CPS identifies priority areas for investment and technical assistance, ensuring that support is aligned with the country's development goals. The upcoming CPS for 2025–2029 emphasizes non-oil sector development, climate resilience, green and digital transformation, private-sector strengthening, and regional connectivity. By strategically focusing on these areas, ADB ensures that...

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