ADB to appoint temporary acting head of Baku office

Business Materials 28 September 2015 20:24 (UTC +04:00)

Baku, Azerbaijan, Sept. 28

By Azad Hasanli - Trend:

The Asian Development Bank (ADB) has chosen an acting head of the representative office in Azerbaijan, ADB's Baku office told Trend Sept. 28.

"Olly Norojono will leave Azerbaijan on October 30," a statement said. "Kathie Julian, the permanent representative of ADB in Georgia and the leading expert on urban development, will serve as the acting head of the office in Baku."

The Baku office has not specified the exact date of appointment, adding that Julian will not be further appointed as the head of the local office.

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

The 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) and so on.

Since the beginning of cooperation, the Asian Development Bank has allocated over $1.6 billion to Azerbaijan to implement the projects in the sphere of road construction, energy, irrigation, improving water supply and sewerage systems.

Edited by CN