Baku, Azerbaijan, Jan. 15
By Azad Hasanli – Trend:
The Asian Development Bank (ADB) will study the possibility of rendering technical assistance to Azerbaijan within implementation of strategic road maps, the Ministry of Economy said Jan. 15.
This issue was discussed Jan. 15 at a meeting of representatives of the ministry with the leadership of the bank’s Baku office.
Representatives of ADB were given information on the events envisaged in the road maps. At the meeting, it was decided that the bank will conduct repeated studies on selected areas for rendering technical assistance, and then will inform the Ministry of Economy.
Strategic road maps, which cover 11 main directions, were approved in December 2016. These documents are considered a new strategy of Azerbaijan’s economic development until 2025 and in the subsequent period. They are designed to ensure competitiveness of the economy and increase of social welfare based on sustainable economic development in Azerbaijan.
ADB was founded in 1966 and 67 states are its members. The bank’s headquarters is located in Manila, Philippines. Azerbaijan became an ADB member in 1999.