The Asian Development Bank (ADB) has launched its new Country Partnership Strategy (CPS) for Azerbaijan for 2025–2029, centred on two key pillars: enabling a green and diversified economy, and fostering low-carbon connectivity and inclusive development.
The CPS supports Azerbaijan’s national development strategies and aims to address critical challenges while leveraging opportunities for green and sustainable growth. Its key priorities include enhancing economic competitiveness by encouraging innovation, advancing high-value products and services, and strengthening workforce skills.
"As we embark on this new chapter in the ADB–Azerbaijan partnership, our focus is on building a robust economy, fostering private sector-led growth, strengthening the financial sector and contributing to regional cooperation," said ADB Country Director for Azerbaijan Sunniya Durrani-Jamal said in the bank's statement. "Through tailored strategic investments and collective effort, ADB aims to help address the country’s development priorities, develop regional initiatives, and build a prosperous future for the people of Azerbaijan."
Since Azerbaijan is a resource-rich upper middle-income country, ADB’s investments will be selective, innovative, and focused on supporting private-sector-led growth. ADB will assist the government in improving transport connectivity, advancing developing areas, enabling more private investments in non-oil sectors, and preparing the green transition of the economy.
The five-year strategy includes initiatives aimed at accelerating climate action and disaster risk management, advancing gender equality and digital transformation, improving public sector efficiency and supporting public-private partnership projects.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sun...
Central Asia has become a major focus for Eurasian transport investment, with $71.7 billion committed to 114 projects, according to the Eurasian De...
The European Union is preparing what foreign policy chief Kaja Kallas has described as its most far-reaching sanctions package against Russia since...
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sunday. Iran's Foreign Minister Abbas Araghchi said Washington must meet Tehran's conditions for shipping to resume.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
Residents of villages in eastern Indonesia hit by a deadly earthquake that killed at least 54 people were awaiting aid on Monday as rescuers prepared to comb through collapsed buildings in search of people trapped beneath the rubble.
Kazakhstan has launched a unified digital platform to track coal supplies in real time, giving officials a clearer view of production, shipments, stocks and prices ahead of the heating season.
U.S. President Donald Trump’s push to end the war in Gaza returned to the diplomatic arena on Sunday (16 August), as his envoys met Egyptian, Qatari and Turkish mediators in Cairo while Israeli strikes continued across the strip.
At least 11 people, including three children and two women, were killed in Israeli airstrikes in southern Lebanon on Saturday, according to Lebanese authorities, in one of the deadliest escalations since a U.S.-mediated framework was agreed between Lebanon and Israel.
As the countries of the Turkic world seek deeper economic integration, the Turkic Investment Fund (TIF) is positioning itself as a key financial vehicle for turning political cooperation into tangible development projects.
For fishermen along Pakistan’s southwestern coast, the consequences of the U.S.-Iran conflict are being felt far from the battlefield.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment