Asian Development Bank

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ADB to support Azerbaijan’s economy

The Asian Development Bank (ADB) approved a $500 million loan to help Azerbaijan maintain social spending, create jobs and diversify its economy to mitigate the adverse impact of a crash in oil prices. "ADB’s support is …

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ADB to allocate Kazakhstan $240m to modernize transport

The Asian Development Bank (ADB) has approved a $240.3 million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the …

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ADB postpones allocating $200m for North-South project

The Asian Development Bank (ADB) postponed its decision on allocating a $200 million loan for implementation of the International North-South Transportation Corridor project. Earlier, an ADB mission was expected in Azerbaijan on …

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ADB can allocate $200 million for North-South project

The Asian Development Bank (ADB) will consider the possibility of allocating a $200 million loan for implementation of the International North-South Transportation Corridor (INSTC) project, the ADB message on its website said. An ADB …

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ADB helps Armenia protect schools from earthquakes

The Asian Development Bank will provide Armenia with a loan in the amount of $ 89.3 million for the construction of schools in the country that can withstand earthquakes, as well as develop the capacity to tackle …

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Another devaluation of the manat possible in Azerbaijan

The Asian Development Bank (ADB) has published the forecast, according to which, the Azerbaijani authorities can wait for a second devaluation of the national currency. The ADB experts note that the factors which affect the stability of …

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