ADB

Name of the organization

Asian Development Bank

General information about the organization

·         The Asian Development Bank was established in 1966. Its head office is located in Manila, Philippines. As Japan holds the largest share in the Bank, the Bank's president is always a Japanese representative;

·         Masatsugu Asakawa has been heading the organization since January 2020;

·         The Asian Development Bank is financed by 68 member countries, with 49 of these countries situated in Asia and the Pacific.

Information about cooperation between Azerbaijan and the organization

·         Azerbaijan joined ADB on October 29, 1999 and its representative office in Azerbaijan has been operational since November 2004;

·         Sunniya Durrani Jamal is a country director of Azerbaijan Resident Mission at the Asian Development Bank;

·         At present, 8 technical assistance projects are being carried out by ADB.

·         Current projects:

-      Azerbaijan: Modernizing Vocational Education and Training for Economic Diversification Sector Development Program;

-      Supporting Public Sector Governance Reform;

-      Preparing Irrigation and Drainage System Development in Nakhchivan Autonomous Republic;

-      Azerbaijan: Fostering Development of Local Technical Start-Ups;

-      Strengthening Knowledge Management for more Effective Economic Policies;

-      Support for Railway Transit Operations and Investment Planning;

-      Support of Azerbaijan Public-Private Partnership Development Center and Project Development Fund;

-      COP29 Capacity Development.

·         10 regional technical assistance projects are under implementation within the Central Asia Regional Economic Cooperation (CAREC) Program of ADB.