ADB to allocate 750 million USD to Azerbaijan

The investment agreement signed today

Baku. 5 May. REPORT.AZ/ The investment agreement in an amount of 1 billion USD was signed between Asian Development Bank (ADB) and the Azerbaijani government to improve the operation of "Azerishiq" company.

Report informs, the agreement was signed by ADB vice-president Vensay Zhang (Zhang Wencai), the Finance Minister of Azerbaijan Samir Sharifov and the head of "Azerlight" OJSC Baba Rzayev.

According to the agreement, ADB will allocate a loan in an amount of 750 million dollars. The remained 250 million dollars will be financed by the government.

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

All news