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Asian Development Bank

Name of the organization

Asian Development Bank

General information about the organization

·         Establishment date: 1966

·         President: Masatsugu Asakawa (17.01.2020)

·         Headquarters: Manila, Philippines

·         Number of share capital: 10.639.083 ($142 billion)

·         Members: 68 countries

Information about cooperation between Azerbaijan and the organization

·         Azerbaijan's membership: 1999

·         The Bank's local representative office was opened in Azerbaijan in 2004.

·         Share capital: 47208 (0.444% of total shares), subscription capital - $628.26 million, including paid capital - $31.49 million.

·         Governor from Azerbaijan: Minister of Finance

·         Alternate Governor from Azerbaijan: Minister of Economy

·         The 48th Annual Meeting of the Board of Governors of ADB was held in Baku in May 2015.

·         Sovereign loans were attracted for 24 projects.

-       23 projects have been completed.

-       1 project is ongoing (railway).

·         Ongoing project:

-        “Reconstruction of Sumgayit-Yalama railway line” Project (Beneficiary: “Azerbaijan Railways” CJSC; Period: 2018-2024)