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.
Iran’s President Masoud Pezeshkian has welcomed a fresh round of nuclear talks with the United States, insisting Tehran will protect its right to en...
Venezuelan authorities said they were seeking court approval to put prominent opposition politician Juan Pablo Guanipa under house arrest on Sunday, s...
Centre-left António José Seguro secured a landslide win in Portugal’s presidential runoff, defeating far-right rival Andre Ventura and becoming th...
Hong Kong’s most prominent media tycoon Jimmy Lai was sentenced on Monday (9 February) to a total of 20 years in prison on national security charges...
Spain’s rail network faces a three-day shutdown this week as the Semaf union protests safety failures following fatal accidents in Adamuz and Catalo...
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.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
Iran would retaliate by striking U.S. military bases across the Middle East if it comes under attack by American forces, Foreign Minister Abbas Araghchi said on Saturday (7 January), stressing that such action should not be seen as targeting the countries hosting those bases.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
A Japanese city near Mount Fuji has cancelled its annual cherry blossom festival, saying growing numbers of badly behaved tourists are disrupting daily life for residents.
Several avalanches struck northern Italy on Saturday, killing at least three people, as rescue officials warned the death toll could rise with unstable conditions persisting across the Alps.
Iran’s President Masoud Pezeshkian has welcomed a fresh round of nuclear talks with the United States, insisting Tehran will protect its right to enrichment under the Non-Proliferation Treaty (NPT).
Iranian activist and Nobel Peace Prize winner Narges Mohammadi was sentenced to a new prison term of 7-1/2 years, a group supporting her said on Sunday (8 February).
U.S. Vice President JD Vance will be joined by Under Secretary for Economic Affairs Jacob Helberg during a trip to Italy, Armenia and Azerbaijan from 9-11 February, underscoring Washington’s push on peace and economic connectivity in the South Caucasus.
Hamas has strongly condemned new Israeli government decisions to expand settlements in the occupied West Bank, warning the measures pose an “existential threat” to Palestinians and are designed to consolidate Israeli control over the territory.
Two adjoining residential buildings collapsed in Tripoli’s Bab al-Tabbaneh neighbourhood on Sunday, with the death toll rising to nine as search operations continued into the night, according to Lebanese authorities.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment