BAKU, Azerbaijan, May 16. The Asian Development
Bank (ADB) is considering the State-Owned Financial Institutions
Commercialization and Sustainability Enhancement Program involving
Azerbaijan, Trend reports via the Bank.
The project will be financed by the Technical Assistance Special
Fund in the amount of $400,000 and Financial Sector Development
Partnership Special Fund totaling $100,000.
The regional technical assistance program will support research
and development to achieve a greater understanding of the
commercialization and bankability of state-owned financial
institutions (SOFIs), across key markets in the Asia and Pacific
region; and enhance SOFIs' institutional capacity to access
commercial financing from the Asian Development Bank, cofinanciers,
and other private sector providers. The TA will focus on
positioning ADB as a partner in driving forward the financial
sustainability and commercialization of strategic SOFIs, and in
doing so enable more SOFI-related commercially oriented investment
opportunities in the region.
The project also covers Afghanistan, Armenia, Bangladesh,
Bhutan, Brunei Darussalam, Cambodia, Cook Islands, Fiji,
Micronesia, Georgia, India, Indonesia, Kazakhstan, Kyrgyz Republic,
Kiribati, Lao People's Democratic Republic, Malaysia, Maldives,
Mongolia, Myanmar, Nauru, Nepal, Niue, Pakistan, Palau,
Philippines, Papua New Guinea, China, Marshall Islands, Samoa,
Solomon Islands, Sri Lanka, Tajikistan, Thailand, Timor-Leste,
Turkmenistan, Tonga, Türkiye, Tuvalu, Uzbekistan, Vanuatu and Viet
Nam.
