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ADB TO APPROVE $850,000 FOR DEVELOPMENT OF FURTHER HUMAN DEVELOPMENT PROGRAM

Business Materials 1 August 2005 16:57 (UTC +04:00)

On Tuesday the Asian Development Bank (ADB) will sign an agreement with the Azerbaijani government in the face of the Ministry for Economic Development on approval of funds for the achievement of goals and support to the development of a program on further human development.

The ADB plans to grant $850m for this purpose, the Baku Office of the bank told Trend.

$650,000 will be allocated at the expense of the Fund for formation and development of a poverty reduction strategy in the country while $200,000 more will be allotted in technical assistance.

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