The Asian Development Bank (ADB) unveiled the volume of portfolio for Azerbaijan.

Axar.az reports that to date, ADB has committed 65 public sector loans, grants, and technical assistance totaling $3.7 billion to Azerbaijan. Cumulative loan disbursements to Azerbaijan amount to $3.93 billion. These were financed by regular and concessional ordinary capital resources. ADB’s ongoing sovereign portfolio in Azerbaijan includes 2 loans and 1 sovereign guarantee worth $856.8 million.

"ADB’s country partnership strategy for Azerbaijan, 2019–2023, aims to boost private sector development, raise public sector efficiency, improve infrastructure, and strengthen human capital," says the bank.