Asian Development Bank to Allocate $ 1.6 Billion to Azerbaijan
Baku / 27.09.17 / Turan: In 2018-2020, the Asian Development Bank (ADB) will allocate $ 1.6 billion to Azerbaijan, the Bank said, according to the official ADB website.
According to the approved business plan for operations in Azerbaijan, ADB will allocate $ 700 million in 2018 and $ 450 million in 2019 and 2020 each.
The funds will be directed to water (infrastructure), transport (road and rail), energy, and public sector management projects. -71D-
Finance
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The Central Bank of Azerbaijan (CBA) has issued a statement on the main directions of monetary policy for 2025.
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AZN 35.1 million will be allocated from the state budget for municipal elections in Azerbaijan scheduled for 29 January next year.This is stated in the Law ‘On State Budget for 2025’, which President Ilham Aliyev approved on 27 December.
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