ADB shares experience in financial sector development with Azerbaijan

Baku, Azerbaijan, June 14

By Azad Hasanli - Trend:

The Asian Development Bank (ADB) shared its experience in the field of financial sector development with Azerbaijan in four directions, Head of ADB local office Nariman Mannapbekov told Trend.

"We have prepared four research products and shared our knowledge on how to develop financial inclusion, e-payments, microfinancing and micro-insurance," said Mannapbekov.

He added that these four products, which earlier were at the disposal of the Central Bank of Azerbaijan, will be transferred to the country's Financial Market Supervisory Body in the near future.

"Approximately in August-September 2016, we will be looking for areas where ADB will be able to make further contribution regarding these directions, or one of them," said the ADB representative.

At the same time, Mannapbekov said that this project may not enter the next business plan of the bank on Azerbaijan.

"Our business plan for the coming years will be formed soon, but I'm not sure that this project will be included in it," he said. "It all depends on the Financial Market Supervisory Body. For example, we can continue to provide technical assistance without lending."

ADB has been assisting Azerbaijan since 1999 with approved loan and grant projects totaling about $2.6 billion, including private sector transactions worth about $738 million, as of end 2015.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.

Established in 1966, ADB is owned by 67 members - 48 from the region.

Subscribe to Trend in Google News! Subscribe
Kazakhstan’s national postal operator to buy spares via tender
Kazakhstan’s national postal operator to buy spares via tender
Kazakh gas producing company opens tender to attract designing services
Kazakh gas producing company opens tender to attract designing services
Kazakhstan’s mining company opens tender on spare parts for truck
Kazakhstan’s mining company opens tender on spare parts for truck
Loading Bars
Latest
Facebook’s new name will be Meta
Southern Gas Corridor is only alternative to Russian gas - The Economist
Georgian NCDC Head urges for vaccination to end pandemic
UK to remove final seven countries from COVID-19 travel 'red list'
Azerbaijani PM meets with Chairman of Turkish Banks Association
Iran announces increase in import of products
USAID and Startup Georgia support launching of coal enterprise
Russia calls for adherence to statements contributing to unblocking of all transport links in S.Caucasus - MFA
Uzbekistan plans to hold meeting on accession to WTO
Azerbaijani Naval Forces hold competition for title of "Best Ships Division" (VIDEO)
Independent Franco-German financial services group considering projects in Uzbekistan
Russia’s Tatneft to repair hundreds of oil wells in Turkmenistan
Turkmenistan discovers new gas fields on Caspian Sea coast
SOCAR increases number of gas filling stations in Romania (PHOTO)
U.S. economy slows sharply in third quarter
Grain clusters, farmers look to sell wheat at market prices in Uzbekistan
Russia is open for cooperation on energy security, climate change — Putin
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 2,420 more COVID-19 cases, 1,358 recoveries
Uzbekistan, Tajikistan approve agreement on transit of dangerous goods
Iran to build power transmission line in Turkmenistan’s Mary
India seeks vaccine loans from ADB, AIIB
Uzbekistan considering to sign new agreement with Gazprom
Let COP26 be COP of actions, not just promises and pledges: India at UN
Azerbaijan's Kapital Bank ready to co-op with startups
Uzbekistan shares electric car import stats for 9M2021
NATO Special Rep appreciates Azerbaijan’s support to NATO in Afghanistan
Uzbekistan discloses volume of grape export to Azerbaijan for 9M2021
Kazakhstan, Huawei sign MoU on extending ICT co-op
Georgia reveals volume of its foreign debt to Azerbaijan
Uzbekistan, Russia eye increase of supply of agricultural products by 2030
Indo-Pacific is a "Fact Of Life": S Jaishankar
Oman approves Covaxin shots for travel without quarantine
SOCAR Turkey’s sales down year-on-year
Kazakhstan, Russia resume negotiations on Khvalynsk, Imashev fields
Kazakhstan’s national postal operator to buy spares via tender
Turkmen officials to discuss TAPI project in Kabul
SOCAR Turkey sees increase in assets
Kazakhstan completes repair of Pavlodar oil chemistry refinery ahead of schedule
Azerbaijan allows administration of fourth dose of COVID-19 vaccine
Pasha Bank is ready to support new projects on developing Azerbaijan's startup ecosystem - board member
Kazakhstan increases petroleum oil exports to France
Turkmenistan, Iran expand bilateral relations
Uzbekistan to subsidize difference in average gas price
Merck raises full-year profit target after cancer drug sales help Q3 beat
Nar supports publication of book on veteran teachers
Renesas buys Israeli Wi-Fi chipmaker Celeno for $315m
Turkey receives positive signals from Armenia – Turkish defense minister
Indian forex reserves surge by $58.38 bn in H1
Qatar targets 25% cut in greenhouse gas emissions by 2030 under climate plan
Kazakhstan's economy to grow faster than in other EAEU states - EDB expectations
Georgia to keeps tight monetary policy – NBG
India, Sri Lanka and Maldives hold joint exercise on maritime security
Kazakhstan boosts manufacturing volume of gold
Indian Govt looks to revive tourism sector as jab drive gathers steam
Canadian company to invest in exploration of gold deposits in Uzbekistan
Turkish company talks plans for crop, livestock production in Azerbaijan's Karabakh
21 subject olympiad winners enter Baku Higher Oil School
IRENEX shares data on sales of Iran’s NIOPDC at energy exchange
Bahar Azadi gold coin price again falling in Iran
Azerbaijan’s 9M2021 imports of Turkish chemical products increase
Kazakhstan to build capacious renewable energy facilities
PM Modi reaffirms India’s focus on free & open Indo-Pacific
Iran reveals COVID-19 data for October 28
Chief Financial Officer of Azerbaijan's Bravo supermarket chain talks profit prospects
Pension savings in Kazakhstan increase
Iran's Bistoon TPP boosts electricity generation
Romania plays very important role in Azerbaijan-NATO cooperation plan - Azerbaijani president
Konkan Shakti 2021: India, UK take part in maiden bilateral tri-service exercise
Georgian public foreign debt on the rise
During second Karabakh war, we felt support of people of Kyrgyzstan - President Ilham Aliyev
Turkey occupies very important place in international arena today - Azerbaijani President
EBRD talks details of putting out former uranium mining sites in Uzbekistan
Indian-origin Anita Anand is Canada's new Defence Minister as PM Trudeau reshuffles Cabinet
Kazakhstan reports decrease in volume of money transfers
Azerbaijan's Barda city commemorates victims of Armenian aggression during second Karabakh war (PHOTO)
Russia’s Gazprombank projects Azerbaijan’s refinancing rate level
Iran’s Shahid Tondgooyan Petrochemical Company reaches increase in production
Armenia ready to begin delimitation and demarcation of borders with Azerbaijan
Azerbaijani President congratulates Turkish counterpart
Saipem announces time of returning EBITDA to pre-COVID level
Iran shares amount of needed money for construction of roads, bridges in Khuzestan Province
Iran reveals volume of trade turnover via border terminals in Sistan & Baluchestan Province
Saipem reveals revenue forecasts for 2H 2021
Turkey acting jointly with Azerbaijan regarding normalization of relations with Armenia - FM
Saipem sees significant increase in revenues
Turkey reveals number of ships docking at Tekirdag port in 9M2021
Armenia lagged behind Azerbaijan in armaments issue – Armenian president
Azerbaijan talks ongoing work to restore houses damaged from Armenian shelling during Second Karabakh War - Trend TV (PHOTO)
Ryanair vows 5-day refund turnaround after COVID criticism
Hungary talks on measures to diversify gas supply routes
Hungary’s gas reservoirs 86% full, well above EU average
Investment projects in Turkmen oil and gas fields in Caspian Sea discussed at int'l conference
BSTDB ready to support Azerbaijan to meet emission commitments under Paris agreement (Exclusive)
Bank Keshavarzi Iran sees increase in loans issued for purchase of agricultural machinery
SOCAR’s STAR Refinery boosts crude imports
Turkmenistan Airlines simplifies clearance of int’l cargo transportation
Turkmenistan, Danish Haldor Topsoe to co-op in ammonia, methanol production
Azerbaijan sees significant growth in investment in capital market
Iran increases exports through Bilasuvar border checkpoint
All news