Baku 21° C
Azerbaijan owes $2.8B to ADB
Finance
- 19 May, 2020
- 12:49
Add Report.az to preferred Google sources
Stay up to date with the top news!
Azerbaijan’s debt to the Asian Development Bank (ADB) on existing contracts makes up $2.8 billion, Report informs, citing ADB.
Of this, 9.4% or $264 million has not been transferred to Azerbaijan yet.
90.6% or $2.54 billion are unpaid debts on implemented projects.
The planned $264 million loans are for the construction of railway and highways.
Azerbaijan has been cooperating with the ADB for 21 years. To date, the ADB allocated $5 billion to Azerbaijan on more than 80 projects in the state and private sectors.
Author
Latest News
00:28
Georgian, Uzbek presidents discuss strategic partnership at COP31
Region
00:18
John Kerry confident US will return to international climate cooperation
Region
23:54
Video
Mukhtar Babayev highlights COP29 energy pledge at COP31 in Antalya
Foreign policy
23:43
Türkiye, Azerbaijan and partners discuss Black Sea power cable
Region
23:39
IEA chief, Azerbaijani energy minister discuss COP29 follow-up
Energy
23:33
Photo
Astana hosts reception marking Azerbaijan's Victory and Flag Days
Foreign policy
23:20
Georgia seeks closer cooperation to boost Middle Corridor competitiveness
Region
23:17
EIA leaves Azerbaijan's 2026 oil production outlook unchanged
Energy
23:07
EIA keeps Azerbaijan's 2027 oil output forecast at 530,000 bpd
Energy