BAKU, Azerbaijan, July 31. The Asian
Development Bank (ADB) has launched an economic research project in
Asia and the Pacific, including Azerbaijan.
This is reflected in a report published on the ADB website.
According to the bank, the project covers 44 countries in Asia
and the Pacific, including Azerbaijan, Armenia, Georgia,
Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan,
Türkiye, India, China, Indonesia, Vietnam, Thailand, the
Philippines, Pakistan, and several other countries.
"It's planned to finance $900,000 from the Technical Assistance
Special Fund (TASF) for the project implementation.
The initiative aims to develop economic diagnostic studies that
will contribute to the development of more informed and inclusive
public policies in the participating countries," the bank
noted.
According to the ADB, the indirect beneficiaries of the project
will be a broad segment of the population, including low-income,
socially vulnerable, and disadvantaged groups. The use of research
findings is expected to improve the quality of decision-making,
thereby contributing to job creation, improved public services, and
more inclusive economic growth.
According to ADB data for 2015-2024, Azerbaijan received $2.53
billion in sovereign financing for 10 projects. Of this amount, 51%
was allocated to regional cooperation and integration projects—one
of the highest rates among countries in the relevant group. Another
39% went to private sector development, 18% to climate finance, and
10% to digital technology initiatives.
From 2015 through 2024, the bank approved nine non-sovereign
projects totaling $963.9 million, with 100% of the financing
allocated to private sector development. Meanwhile, 78% of the
commitments was related to regional cooperation and integration—the
highest rate among upper-middle-income peers reviewed by ADB.
