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ADB approves $500M loan for Azerbaijan

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ADB approves $500M loan for Azerbaijan

The Asian Development Bank (ADB) approved a $500 million loan to help economy of Azerbaijan.

Axar.az reports citing to message posted in official website of ADB.

Main purpose of the loan is maintaining social spending, create new jobs, and diversify Azerbaijan's economy to mitigate the adverse impact of a crash in oil prices.

Date
2016.12.07 / 11:59
Author
Axar.az
See also

Azeri Light crude rises to $113.32

Azerbaijan’s strategic reserves hit $90.77 billion

Oil prices continue to rise

Azeri Light climbs above $107

CBA's foreign exchange reserves reach historic high

Oil prices climb on global markets

Oil prices continue to rise in global markets

Oil prices rise again on global markets

Azeri Light climbs above $101 per barrel

Azeri Light climbs above $97 per barrel

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