Azerbaijan, ADB eye to mull five-year partnership strategy

By  Trend

Vice-President of the Asian Development Bank (ADB) Wencai Zhang plans to discuss in Baku the bank’s five-year partnership strategy with Azerbaijan, which is under preparation, a source in the bank told Trend Oct. 18.

As part of Zhang’s visit to Azerbaijan on October 22-24, meetings in the country’s government are scheduled, the source noted.

Azerbaijan became an ADB member in 1999. The country's share in the bank's capital is 0.5 percent.

Since 2003, ADB has approved loans worth over $4 billion for Azerbaijan for implementation of over 30 projects in the public and private sectors. ADB has also implemented technical assistance projects totaling almost $30 million in the country.