ADB mission due in Azerbaijan
By Trend
A mission of the Asian Development Bank (ADB) will visit Azerbaijan in September.
The Bank reported that its mission for the Subprogram 1 of the Improving Governance and Public Sector Efficiency Program will be in Baku from September 25 to October 2.
The mission’s aim is to collect data for preparation of the subprogram, within which ADB plans to allocate $300 million to Azerbaijan.
The ADB was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.
Azerbaijan joined ADB on December 22, 1999 and the country's share in the bank's capital is 0.5 percent.
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