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, 7 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;

- 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.