The Asian Development Bank (ADB) appointed a new director to the Azerbaijani office, a source in the bank told Trend on Jan.7.

The Asian Development Bank (ADB) has approved technical assistance for the INNOLAND Incubation and Acceleration Center as part of its partnership strategy for Azerbaijan for 2019-2023, Trend reports referring to the ADB.

The Asian Development Bank (ADB) improved its forecasts for economic growth in developing Asia from 0.7 to 0.4 percent in 2020, Trend reports citing the ADB report.

The revival of the Nagorno-Karabakh region will make a significant contribution to the regional cooperation, Azerbaijani Economy Minister Mikayil Jabbarov has said.

Economy Minister Mikayil Jabbarov has said that Azerbaijan attaches great importance to cooperation with Asian Development Bank, reminding that the bank has allocated over $5.2 million for the implementation of a number of projects in the country.

The COVID-19 pandemic has shown that now new technologies, innovation, and digitalization are an important component of economic development, Deputy Minister of Economy of Azerbaijan Rovshan Najaf said Trend reports.

Donors have agreed to allocate additional funds over $4 billion for the Asian Development Bank’s (ADB) Asian Development Fund (ADF) and Technical Assistance Special Fund (TASF), for the 4 years from 2021 to 2024, Trend reports citing the ABD.

The Asian Development Bank will allocate $780 million to Azerbaijan as part of the business plan approved for Azerbaijan for 2021-2023, local media reported with reference to the fund.

Work is underway in Azerbaijan to start a pilot project on installation of solar panels on the surface of Lake Boyukshor near Baku on an the area of 800 square meters, the Energy Ministry reported on July 13.

The Asian Development Bank (ADB) has renewed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to scale up collaboration and advance progress on sustainability with increased focus on energy sector resilience in Asia and the Pacific, Trend reports with reference to ADB.