2024-07-01 10:32:30
As of April 1 of this 12 months, the amount of financing packages carried out inside the framework of cooperation between Azerbaijan and the Asian Growth Financial institution (ADB) amounted to 4.2 billion US {dollars}, Day.Az reported on Thursday.
Based on the Ministry of Finance, the quantity of loans attracted by the Azerbaijani authorities quantities to three.2 billion US {dollars}.
On the similar time, state-owned enterprises backed by authorities ensures carried out initiatives and packages value US$930 million. US$62 million was allotted for direct financing of the personal sector, in addition to grants and technical help to assist ADB-implemented initiatives within the nation.
These packages cowl transport, public monetary administration, power, water provide, city infrastructure and different sectors.
It’s famous that at present an occasion was held devoted to the twenty fifth anniversary of the partnership between Azerbaijan and ADB. On the occasion, Finance Minister Samir Sharifov, a member of the ADB Board of Governors from Azerbaijan, famous that over the previous interval Azerbaijan has acquired a robust and dependable improvement accomplice within the ADB. Based on him, cooperation with the financial institution has introduced many profitable outcomes, and ADB has been actively concerned in financial reforms and financing of infrastructure initiatives carried out within the nation primarily based on authorities priorities.
The minister recalled that underneath the management of President Ilham Aliyev, a technique for the socio-economic improvement of Azerbaijan till 2030 was adopted. He expressed confidence that ADB will proceed to offer monetary, technical and advisory assist to the Authorities of Azerbaijan to realize the aims and challenges set out on this technique, primarily based on nationwide priorities.
Samir Sharifov careworn that, like different member international locations, Azerbaijan additionally advantages from the financial institution’s superior expertise and technical assist.
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