BAKU, Azerbaijan, June 19. Azerbaijan’s First
Deputy Minister of Finance Anar Karimov met with a delegation led
by Xiaohong Yan, Director General for the Public Sector at the
Asian Infrastructure Investment Bank (AIIB), to discuss ongoing
projects and prospects for expanding cooperation in infrastructure,
transport, and energy.
According to the Ministry of Finance’s press service, the
meeting reviewed AIIB-backed projects in Azerbaijan and explored
opportunities for deeper collaboration in key development
sectors.
Karimov highlighted the importance of the partnership with AIIB
in supporting Azerbaijan’s sustainable economic development
priorities. He noted that the bank has already provided financing
for projects in energy, transport, and renewable energy.
He also pointed to the Multi-Year Investment Portfolio developed
under the strategic cooperation framework between Azerbaijan and
AIIB, saying it would enable more systematic and long-term planning
of infrastructure investments in line with the country’s
“Azerbaijan 2030: National Priorities for Socio-Economic
Development.”
Yan expressed satisfaction with the current level of cooperation
and praised the outcomes of AIIB-funded projects in Azerbaijan. She
said the bank is interested in further expanding engagement in
sustainable transport infrastructure, railway modernization, urban
mobility, port and logistics development, renewable energy, and
green finance.
The two sides also exchanged views on the next stages of the
Baku Metro expansion project, ongoing work at the Baku
International Sea Trade Port, and potential areas for future
cooperation.
