Axar.az
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23 January 2018


ADB approves $500M loan for Azerbaijan

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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
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