BAKU, Azerbaijan, May 4. Azerbaijan will
continue working with the Asian Development Bank (ADB) to achieve
tangible results in implementation of the climate agenda,
Azerbaijan’s Finance Minister Sahil Babayev said in his statement
for ADB Annual Meeting in Samarkand, Uzbekistan, Trend reports.


“Azerbaijan remains firmly committed to the global climate
agenda. Hosting the 29th Conference of the Parties in Baku in 2024
marked a significant milestone for our country and the wider
region. The conference delivered important outcomes in advancing
climate finance, strengthening adaptation measures, and
accelerating the global energy transition. Azerbaijan will continue
to build on this momentum, working closely with international
partners, including ADB, to translate these commitments into
tangible results,” he said.


Babayev also spoke about the increasing significance of the
Middle Corridor amid the global turbulence.


“Recent global and regional developments highlighted the growing
importance of the Middle Corridor initiative, in which Azerbaijan
plays a vital role. The corridor’s strategic value as a reliable
and efficient trade route has become increasingly evident. It
provides an opportunity to diversify trade flows and mitigate
vulnerabilities associated with global disruptions. Ongoing efforts
to enhance infrastructure, streamline operations, and improve
coordination will further reinforce its role for regional and
intercontinental connectivity,” the minister added.







Babayev further said it is essential that ADB continues to
enhance its responsiveness, flexibility, and innovation.


“Strengthening support for policy-based operations, expanding
technical assistance, and ensuring competitive financing terms will
be key to maintaining the bank’s strong value proposition. ADB’s
comparative advantage lies not only in its financial resources but
also in its knowledge, expertise, and ability to convene
partnerships. We encourage the bank to further leverage these
strengths in addressing increasingly complex and interconnected
development challenges,” he said.