Azerbaijan: Asian Development Bank Member Fact Sheet 2017

Abstract

Azerbaijan joined the Asian Development Bank (ADB) in 1999. ADB has since approved $4.61 billion in loans, guarantees, grants, and technical assistance to the country. ADB’s engagement in Azerbaijan is guided by the country partnership strategy, 2014–2018, which aims to diversify Azerbaijan’s economy, foster new economic opportunities, promote inclusive growth, and reduce disparities between urban and rural areas.1 ADB’s country operations business plan, 2018 – 2020 is aligned with the Government of Azerbaijan’s Strategic Roadmap on the National Economy Perspective, adopted in December 2016.2 During 2018–2020, ADB’s indicative sovereign lending program in Azerbaijan totals $900 million. Cumulative disbursements to Azerbaijan for lending and grants financed by ordinary capital resources (OCR), the Asian Development Fund, and other special funds amount to $2.46 billion.