Sunniya Durrani-Jamal
Sunniya Durrani-Jamal Appointed as New Country Director of Asian Development Bank in Azerbaijan
Sunniya Durrani-Jamal has officially taken office as the new Country Director of the Asian Development Bank (ADB) in Azerbaijan, succeeding Candice Mcdagan, who held the position since 2021. Durrani-Jamal brings over 25 years of professional experience, including 16 years in senior roles at ADB, to her new position. She previously served as ADB’s Regional Director in Cambodia and Senior Advisor to the Vice President for East Asia, Southeast Asia, and the Pacific.
During her tenure as Regional Director in Cambodia, Durrani-Jamal played a pivotal role in developing and implementing strategies to address regional challenges, promote sustainable economic growth, and reduce poverty. In her capacity as Senior Advisor, she influenced key policy decisions and strategic initiatives, shaping ADB’s approach across the East Asia and Pacific regions. As Chief Economist, she provided crucial insights on economic trends that underpinned the bank’s projects and investments, ensuring alignment with broader economic goals.
Durrani-Jamal has also been instrumental in promoting climate finance initiatives, particularly in the energy and infrastructure sectors, aimed at mitigating the impacts of climate change in East Asia and the Pacific. Her expertise is expected to contribute significantly to advancing ADB’s objectives in Azerbaijan.
Azerbaijan’s collaboration with the Asian Development Bank encompasses a broad range of projects focused on economic development and infrastructure improvements, including in the transport, energy, and social services sectors. In 2023, ADB began formulating a new strategy for cooperation with Azerbaijan, emphasizing continued support while indicating potential adjustments to the scope of future engagements.
Since beginning its cooperation with ADB in 1999, Azerbaijan has received approximately $5.2 billion in assistance, which has been utilized for various projects in both the public and private sectors, enhancing the country’s economic resilience and development prospects.
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- Finance
- 7 October 2024 10:54
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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