Baku 10° C
Azerbaijan owes $2.8B to ADB
Finance
- 19 May, 2020
- 12:49
Azerbaijan’s debt to the Asian Development Bank (ADB) on existing contracts makes up $2.8 billion, Report informs, citing ADB.
Of this, 9.4% or $264 million has not been transferred to Azerbaijan yet.
90.6% or $2.54 billion are unpaid debts on implemented projects.
The planned $264 million loans are for the construction of railway and highways.
Azerbaijan has been cooperating with the ADB for 21 years. To date, the ADB allocated $5 billion to Azerbaijan on more than 80 projects in the state and private sectors.
Author
Latest News
18:39
Quiet rooms to be opened at WUF13 in Baku for participants with sensory needs
Infrastructure18:26
Photo
Azerbaijan sends new batch of humanitarian aid to Ukraine
Other18:22
Central Botanical Garden and Dendrological Garden to merge into single entity
Domestic policy18:13
Azerbaijan to establish Center for Agricultural Research and Development
AIC18:10
UAE extradites Azerbaijani accused of smuggling jewelry worth $1.7M
Incident18:03
Volume of oil transported via BTC surpassed 2M tons in Jan.2026
Energy17:54
Number of registered unemployed in Azerbaijan revealed
Domestic policy17:49
Two departments of Azerbaijan's State Water Resources Agency converted into JSCs
Infrastructure17:49