Asian Development Bank (ADB) Executive Director Anthony McDonald has praised Azerbaijan’s work in fight against the spread of COVID-19.

The Asian Development Bank (ADB) is interested in continuing cooperation in energy sector and in the “green energy” in the country’s liberated lands, the bank’s country director Candice McDeigan said during the meeting with Energy Minister Parviz Shahbazov on July 13.

The Asian Development Bank approved a $250 million loan to Azerbaijan to support implement the comprehensive plan to mitigate the health, social and economic impacts of the COVID-19 pandemic.

Most of the international financial institutions have realized just how bad the coal is for long-term business, Executive Director at NGO Forum on ADB, Rayyan Hassan told Trend.

The Asian Development Bank will support the development of the insurance market in Azerbaijan.

Asian Development Bank has forecasted 1.9 percent GDP growth in Azerbaijan’s economy for 2021.

The Asian Development Bank (ADB) has invited Turkmenistan to become one of the participants of the high-level meeting within the framework of the Central Asia Regional Economic Cooperation (CAREC) program,Trend reports with reference to the Arzuw NEWS agency.

Azerbaijan attaches great importance to cooperation with the Asian Development Bank and highly appreciates its financial and technical support, the country’s Economy Minister Mikayil Jabbarov has said.

Azerbaijan and Asian Development Bank (ADB) have discussed future of cooperation that includes research on economic growth and diversification, practical sessions on the model of macroeconomic analysis and forecasting, and the development of economic reform documents in areas of strategic importance.

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