Azerbaijan, Asian Development Bank Hail Fruitful Cooperation

On November 14, President of the Republic of Azerbaijan Ilham Aliyev hosted a delegation led by Masato Kanda, President of the Asian Development Bank.

During the meeting, the sides highlighted the fruitful cooperation between Azerbaijan and the Asian Development Bank, noting the successful implementation of joint projects, The Caspian Post reports citing AZERTAC.

It was emphasized that since 1999, the Asian Development Bank has provided financial support worth $5.5 billion to Azerbaijan under 145 loans, grants, investment and technical-assistance projects covering transport, water supply, energy, finance, education, healthcare and other sectors.

The sides praised the successful cooperation between the Asian Development Bank and Azerbaijan in the private sector, along with the public sector. In this regard, joint projects implemented in oil and gas, electricity, roads, railways, agriculture, water supply, wastewater disposal and other areas were highlighted.

During the conversation, it was noted that the achievements attained in Washington regarding the advancement of the peace agenda between Azerbaijan and Armenia also provide extensive opportunities for expanding the region's transport and transit capabilities.

The parties stressed the significance of connectivity on the Central Asia-Azerbaijan-Europe route. They also touched upon the new projects between Azerbaijan and ADB, and in this regard, discussed issues related to enhancing the railway and metro networks, and water supply.