Azerbaijan: Asian Development Bank Member Fact Sheet 2018

Abstract

Azerbaijan joined the Asian Development Bank (ADB) in 1999. ADB operations in Azerbaijan was guided by the country partnership strategy (CPS), 2014–2018, which supported the diversification of Azerbaijan’s economy, fostering of new economic opportunities, promotion of inclusive growth, and reduction of disparities between urban and rural areas. A country diagnostic study conducted in 2018 identified short-, medium-, and long-term growth constraints faced by Azerbaijan, and suggested priority reforms to address such constraints. The next CPS for Azerbaijan (2019–2023) has been prepared for endorsement in 2019. It will support acceleration of economic diversification and inclusive growth through the implementation of three pillars: (i) boosting private sector development, (ii) raising public sector efficiency, and (iii) improving infrastructure and strengthening human capital.