ADB conducts outreach on financial management in Azerbaijan
Asian Development Bank's financial management specialist Xu Yi visited Azerbaijan on October 8-9 to conduct outreach on ADB's financial management strengthening effort for ADB-funded projects, the bank said on Friday.
He informed audit companies in Azerbaijan on ADB rules about conducting audit on ADB financed projects. The outreach also focused on public disclosure of audit information under ADB's public communication policy.
He met with such audit companies as Grant Thorton, Baker Tilly, Deloitte, BKR Ishik and also had a meeting at the Azerbaijani Finance Ministry.
The ADB was established in 1966 and has 67 members. The headquarters of the bank is located in the capital of the Philippines, Manila.
Azerbaijan became a member of the Asian Development Bank on December 22, 1999. The country's participation share in the bank's capital is 0.5 percent.
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