Azerbaijan, AIIB mull main directions of potential cooperation

Azerbaijan attaches importance to cooperation with the Asian Infrastructure Investment Bank, the bank's activities in the direction of ensuring a green and sustainable future, and its support to member countries in building a stable economy, Economy Minister Mikayil Jabbarov said during a meeting with AIIB's vice-president for investment operations Konstantin Limitovskiy.

The Minister of Economy noted that special importance is attached to continuous economic growth within the framework of "Azerbaijan 2030: National Priorities for Socio-Economic Development", as well as the application of green and smart concepts in the reintegration work carried out in the liberated territories.

The transformation of the public sector to a new quality, improvement of the quality of the ecosystem, sustainable development of business, human capital, and the creation of fertile conditions for the broad application of digital economy and innovations are primary targets in the Socio-economic development strategy for 2022-2026 of the Republic of Azerbaijan, implemented according to the strategic directions defined in the National Priorities.

Konstantin Limitovskiy drew attention to the AIIB measures in the direction of stimulating economic growth and infrastructure development in the Asian region, noted the effective cooperation of the bank with Azerbaijan, and shared his views on the possibilities of partnership development.

The parties discussed the main directions of potential cooperation, the future priorities of AIIB in Azerbaijan, the possibilities of implementing projects in our country with the bank's financial support.