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.
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Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
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