ADB submits three-year business plan to Azerbaijan

Manila, Philippines, Sept. 30

By Emin Aliyev - Trend:

The Asian Development Bank submitted a draft business plan for operations in the country in 2015-2017 to the Azerbaijani government, the head of the ADB Baku office Olli Norojono told Trend Sept. 29.

"At present, the document is under consideration," he said. "We hope to get an answer and approve it as soon as possible."

Norojono did not specify the concrete date.

"The ADB is ready to allocate up to $752 million to implement the projects in Azerbaijan within three years," he said.

"These funds are available at the bank and will be allocated upon the requests and needs of the Azerbaijani government," he said. "If a larger volume of financing is required, ADB will seek additional sources of financing."

The Board of Directors of the Asian Development Bank approved a new strategy of cooperation with Azerbaijan for 2014-2018 Sept. 29.

ADB was established in 1966 and has 67 members. The bank's headquarters is located in the capital of the Philippines, Manila. Azerbaijan joined ADB on December 22, 1999. The country's share in the bank's capital is 0.5 percent.

ADB's leading shareholders are Japan and the United States (31.2 percent of the total share capital), India and China (12.8 percent), Australia, South Korea and Canada (16 percent).

As of late 2013, ADB allocated about $1.64 billion to implement 20 projects to Azerbaijan for the entire period of cooperation.

Edited by CN

UAE reports 626 new COVID-19 cases, 92,095 in total
UAE reports 626 new COVID-19 cases, 92,095 in total
ICD exploring opportunities for collaboration in Azerbaijan during pandemic and after (INTERVIEW)
ICD exploring opportunities for collaboration in Azerbaijan during pandemic and after (INTERVIEW)
Turkey unveils data on cargo shipment via its ports from Saudi Arabia
Turkey unveils data on cargo shipment via its ports from Saudi Arabia
Loading Bars
Latest
Musk plans IPO for SpaceX's Starlink business
Israel reports 2,239 new COVID-19 cases, 233,265 in total
13 dead, 21 injured in bus crash in SE Mexico
EU launches action plan for smarter, efficient customs
Canada's Ontario reports record number of daily COVID-19 cases
Ukraine allows entry for foreigners
UK records another 4,044 coronavirus cases
Twenty-three more coronavirus patients die in Moscow in past day
Azerbaijani MFS meets with newly-appointed Pakistani ambassador (PHOTO)
Defense Ministry: Information about downed Azerbaijani military plane is lie
UAE reports 626 new COVID-19 cases, 92,095 in total
Georgia reveals volume of gross external debt
New U.S. COVID-19 cases rise in 27 states for two straight weeks
Daily virus recoveries surpass new cases in Turkey
Kazakhstan and Sweden reaffirm readiness to further strengthen coop in culture, education
Speaker of Azerbaijani Parliament, Chairman of Pakistani Senate hold phone conversation
President Ilham Aliyev, UN Secretary General Antonio Guterres meet through videoconferencing
Azerbaijani MFA: Statement of Cyprus MFA one-sided, biased
Two brothers killed in Terter region as result of shelling from Armenian armed forces
UNSG to hold emergency meeting over Nagorno Karabakh conflict escalation
Armenian major general, two colonels killed
First footage from liberated Talysh heights (VIDEO)
Kazakhstan decreases exports to Bulgaria
Iran unveils details of exports from Isfahan Province
Georgia reveals volume of processed grapes
Azerbaijani interior ministry issues statement on curfew across country
Iranian Energy Exchange announces products to be on sale September 29
Azerbaijan's Goranboy district under fire from Armenian armed forces
Azerbaijan outlines curfew conditions in cities, districts
PACE extremely concerned by military hostilities between Armenia, Azerbaijan
Georgian expert: Azerbaijan beginning to restore its territorial integrity
Review of net international investment position of Georgia
Matviyenko: Situation in Nagorno-Karabakh region fraught with full-scale military conflict
Georgia reveals volume of foreign debt by countries
Money supply in Azerbaijan shows year-on-year increase
OIC calls for immediate withdrawal of Armenian army from occupied Azerbaijani lands
Kazakhstan's monetary base value surges
SCO extremely concerned about exacerbation of situation around Karabakh conflict
Prime Minister of Georgia to pay official visit to Brussels
Iran announces balance of bank loans
South Korea becomes leading furniture exporter to Uzbekistan
Uzbekistan receives EU financing to combat COVID-19
Azerbaijan can't endlessly conduct meaningless negotiations - embassy in Russia
Bahar Azadi gold coin price continues to rise in Iran
Quarantine regime extended in Azerbaijan
Ukrainian MP: Policy of Armenian authorities don't bring peace in region closer
Dollar exchange rate to Uzbek soum revealed
Turkmenistan increases gas exports to China
Azerbaijani State Service: Many volunteers appeal to participate in battles
Iran talks details of exporting mining materials
Armenian Ambassador: Yerevan working out plans to evacuate population from Karabakh
Azerbaijan confirms 70 more COVID-19 recoveries
Azerbaijani Defense Ministry: Armenian army experiencing lack of food, meds
Number of tractors delivered to farmers in Iran announced
Azerbaijani ethnic communities make joint statement
Azerbaijan increases imports of Italian goods
Armenian artillery units in Agdere direction of front line hit (VIDEO)
Georgian expert: Underestimation of Nagorno-Karabakh issue can lead to most dangerous consequences for Armenia
Global oil consumption to recover another 2.5 mbd
Erdogan: Those who did nothing to solve Karabakh conflict for 30 years, making statements now
Azerbaijani president congratulates president of Germany
Turkmenistan increases imports of wheat flour from EAEU countries
Action in support of Azerbaijan in Georgia (PHOTOS)
Ukrainian MP: Imposing sanctions may force Armenia to return Azerbaijan's occupied lands
Turkey unveils data on cargo runs via its ports from Greece
Iran discloses volume of cargo loaded, unloaded at Shahid Rajaee port
Demand for inexpensive roofing building materials up in Uzbekistan
Armenia discloses number of killed servicemen
Azerbaijan declares partial military mobilization
EU calls on all players in region to avoid interfering in situation in Nagorno Karabakh
Azerbaijan's actions on Nagorno-Karabakh conflict comply with int'l law - Kazakh expert
Islamic Corporation for Dev't eyeing deals under PPP mode in CIS
Number of people infected with coronavirus (COVID-19) in Iran reaches 450,000
Turkish defense minister: Armenia must immediately withdraw its armed forces from Azerbaijani lands
Russian Security Council’s deputy chairman calls for political and diplomatic settlement of Karabakh conflict
Data on cargo movement from Ukraine via ports of Turkey revealed
Georgia exports large volume of wine to Turkmenistan
Azerbaijani major general: We'll fight until final victory
Georgia reveals total volume of water exports to Turkmenistan
Bulgaria’s ex-president: Armenia’s attack on Azerbaijan is provocation ignoring law
Azerbaijani defense ministry: Armenian military command staff orders to use weapons against its soldiers
Activities of Iran’s Imam Khomeini ports declared
Azerbaijani schoolchildren killed as a result of Armenia's attack - ministry
Armenia's shelling of Tartar District court in Azerbaijan results in civilian casualties
FM: Azerbaijan informed int'l organizations about another Armenian provocation
Iran reveals volume of cargo loaded, unloaded at Khorramshahr port
Uzbekistan considers reduction of import duties on textile products
ADB funds Uzbek power sector improvement
Net foreign investment in capital decrease in Uzbekistan amid COVID-19
Uzbekistan, Tajikistan to consider resuming flights
Volume of cargo loaded and unloaded via Iran’s Abadan port revealed
Azerbaijani Defense Ministry: Two more tanks of Armenian armed forces destroyed (VIDEO)
Volumes of Russia's cargo transshipment via Turkish ports announced
Volume of cargo loaded and unloaded via Iran's Arak railway increases
ICD exploring opportunities for collaboration in Azerbaijan during pandemic and after (INTERVIEW)
Hikmat Hajiyev: Armenian side spreads misinformation on social networks
Azerbaijani Foreign Ministry discloses number of civilian casualties
Azerbaijan: Bodies of mercs from Middle East among losses of Armenian army
Prosecutor General's Office: Resident of Aghdam killed as result of Armenian shelling
Foreign military attachés, representatives of int'l organizations informed on situation at front line (PHOTO)
All news