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.
Armenian Prime Minister Nikol Pashinyan will travel to Astana for an official visit from the 20th –21st November, according to the press service of...
Punjab’s modern political story begins in 1947. The end of British rule divided the region between India and Pakistan, leaving Sikh communities with...
Ukraine relations are entering a new period of tension this week after remarks from a senior Ukrainian official reignited debate around Georgia’s fo...
China’s newest aircraft carrier Fujian has completed its first full training voyage after conducting electromagnetic launch and recovery drills with...
Ukrainian President Volodymyr Zelenskyy has announced plans to visit Türkiye to revive stalled peace talks and potentially resume prisoner exchanges ...
President of Azerbaijan Ilham Aliyev received a delegation from Asian Development Bank (ADB), led by Masato Kanda, the president of the bank, on 14 November.
The Asian Development Bank approved a $125 million loan to support Uzbekistan in modernizing water management, improving water security, and increasing access to safe and reliable water in the country.
The Asian Development Bank (ADB) has approved a plan to scale up its operations by 50% over the next decade, leveraging its existing capital base to enhance bank’s impact across Asia and the Pacific.
Thousands of users in the United States, some parts of Europe and South America on the X (formerly twitter) platform have reported being unable to access the site due to Cloudflare outage.
Ukraine is facing a sharp escalation in fighting across several fronts, with Russian forces launching large-scale offensive operations while Kyiv intensifies long-range strikes deep inside Russian territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of what it described as a broader offensive aimed at securing full control of the strategic territory.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
China’s Ministry of Culture and Tourism has issued a formal advisory urging Chinese tourists to refrain from travelling to Japan in the near future, citing growing safety risks and recent political tensions.
Armenian Prime Minister Nikol Pashinyan will travel to Astana for an official visit from the 20th –21st November, according to the press service of Akorda.
The 27th plenary meeting of the Conference of the Special Service Agencies of the Turkic States on the theme 'The Role of Special Service Agencies in Ensuring the Security of International Transport Lines' was held in Khankendi city on 14 November.
The United Nations Security Council voted to adopt a U.S.-drafted resolution endorsing President Donald Trump's plan to end the war in Gaza and authorising an international stabilisation force for the Palestinian territory on Monday.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
Armenia’s Foreign Minister Ararat Mirzoyan met with Allison Hooker, U.S. Deputy Secretary of State for Political Affairs, in Yerevan on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment