ADB can allocate $820M for sovereign operations in Azerbaijan in next three years

The indicative resources available during 2020–2022 for sovereign operations total $820 million, Report informs citing Asian Development Bank’s (ADB) Country Operations Business Plan for Azerbaijan in 2020–2022.

The three-year business plan was approved in the ADB Board of Directors. Cofinancing and funding from other sources, including the regular OCR regional cooperation and integration set-aside, will be explored.

ADB can allocate $265 million in 2020, $30 million in 2021, $450 million for four projects on energy, education, infrastructure and public sector management in 2022. Government’s participating share in the project to be implemented in 2022 is expected to make up $67 million.

During 2020–2022, ADB also expects to commit technical assistance (TA) amounting to $5.8 million to be financed from internal sources and supplemented, whenever feasible, by ADB-administered trust funds and other external sources. The indicative program for 2019 comprises one loan (firm) amounting to $250 million and five TA projects amounting to $3.2 million.

In 2020-2022, $295 million in total will be allocated for Azerbaijan for two main indicators. One of them is public sector management, the other is financial sector. $265 million is planned to be allocated for Public Sector Efficiency Program, $30 million for private sector.

Azerbaijan has been in cooperation with the ADB since 1999.