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 48 th 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)