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Azerbaijan, ADB discuss preparation of co-op strategy for coming years

Finance Materials 13 September 2022 09:17 (UTC +04:00)
Azerbaijan, ADB discuss preparation of co-op strategy for coming years
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 13. Azerbaijani Finance Minister Samir Sharifov met with Vice-President of the Asian Development Bank (ADB) Shixin Chen, Trend reports via the ministry.

According to the ministry, the parties discussed the strategy of cooperation between Azerbaijan and ADB for 2024-2028, planned to be prepared in 2023.

At the meeting, the progress of joint projects, including ADB's support for the macroeconomic stability of Azerbaijan, efficiency improvement in the public sector, financing in connection with the Southern Gas Corridor, and reconstruction of part of the North-South Transport Corridor were also discussed.

"During the meeting, Chen stressed that ADB is a reliable partner of Azerbaijan in improving the efficiency of the public sector in the country, strengthening the development of the private sector, diversifying the non-oil sector by investing in transport and irrigation infrastructure, strengthening human capital to meet the needs of a diversified economy,” the ministry said.

The vice-president stressed the joint implementation of projects between ADB and Azerbaijan, expressing confidence that these projects will be successfully continued.

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