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Azerbaijan,South Africa : ADB injects in AZERBAIJAN though loans, worth $2 billion

June 24, 2014



As per the report, in Baku, during the meeting, Samir Sharifov, Azerbaijani Finance Minister declared that The Asian Development Bank (ADB) has placed in the country since 1999 with loans and grant agreements, worth $1.7 billion.

Some $1.334 billion have been invested as of early this year under loan agreements with the bank, Sharifov said, according to AzerNews. Following the restoration of Azerbaijan s independence, the effective integration of the country into the global economic system was chosen as a strategic goal of economic policy, and this goal certainly would not have been achieved without cooperation with international financial institutions.

As per Sharifov, with the ADB, Azerbaijan aims to retain intensification collaboration to achieve sustainable economic growth.


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Source: TendersInfo (India)


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