ADB to prepare road map as part of partnership strategy with Azerbaijan

The Public-Private Partnership Office of the Asian Development Bank (ADB) will prepare a road map for public-private partnerships within the framework of the Partnership Strategy 2024-2028.

The issue was discussed at a meeting with the ADB delegation at the Ministry of Economy of Azerbaijan, Trend reports citing the State Service for Antimonopoly Control and Supervision of the Consumer Market.

In addition, effective planning and implementation of public procurement, plans for public procurement through a single Internet portal, and opportunities for participation in tenders were discussed. Cooperation with ADB in the areas of human resource development and institutional capacity building in the quality infrastructure were also touched upon.

As of early May 2023, ADB has committed 67 public sector loans, grants, and technical assistance totaling $3.7 billion to Azerbaijan. Cumulative loan disbursements to Azerbaijan amount to $3.96 billion. These were financed by regular and concessional ordinary capital resources. ADB’s ongoing sovereign portfolio in Azerbaijan includes one loan and one sovereign guarantee worth $565.2 million.

Besides, recently, the ADB Presidium has approved a loan of up to 34 million manats ($19.9 million) for the Azerbaijani Bank Respublika OJSC in order to increase access to loans for women and borrowers working in the field of production, processing, and trade in agriculture of Azerbaijan.