BAKU, Azerbaijan, April 10. The Asian
Development Bank (ADB) is interested in cooperation with the
government of Azerbaijan to participate in the country's
agricultural sector, ADB Country Director for Azerbaijan, Sunniya
Durrani-Jamal, told Trend during the presentation of the Asian Development
Outlook 2026 review in Baku.
"Azerbaijan is an exporter of agricultural products and has
several high-quality goods that are supplied to foreign markets. At
the same time, the country imports a part of the food. In the
context of the current conflict [in the Middle East], one of the
areas where price growth is expected is fertilizers. This, in turn,
will lead to a growth in the costs of agricultural production in
Azerbaijan and will become one of the channels of increasing food
inflation," she said.
Durrani-Jamal noted that Azerbaijan imports certain agricultural
products from neighboring countries. Due to this, the price
increase for potatoes and other products can additionally affect
food inflation. According to her, its acceleration is expected in
the short term, including against the background of rising
production costs.
"Production costs will increase, as well as the prices of
imported food products. As for our participation, we are currently
investing in the water sector, since water is a key element of
agriculture. We are talking about water supply projects, wastewater
treatment, and solving water deficit problems.
We are directly involved in agriculture through operations with
the private sector. Investments with the government haven't yet
been implemented. However, we are interested in entering the
agricultural sector, and plan to study such opportunities this
year," she added.
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