MANILA, Nov 16 (NNN-PNA) – Asian Development Bank (ADB) President, Masato Kanda, said yesterday that, the ADB plans to invest up to 2.5 billion U.S. dollars, to support Azerbaijan’s development priorities.
“ADB remains committed to supporting Azerbaijan’s transformation into a regional hub, linking Central Asia and Europe,” Kanda said during a meeting with Azerbaijani President, Ilham Aliyev, in Baku.
“We are working alongside the government and the private sector, to deliver substantial investments in smart mobility infrastructure, renewable energy, digitalisation, and skills development,” Kanda said.
To help diversify Azerbaijan’s export mix, and reach new markets, the ADB is building green and efficient infrastructure, said the Manila-based bank in a press release.
Major regional projects, such as the Central Asia Regional Economic Cooperation Corridor 2, and the Trans-Caspian Green Energy Corridor, enhance connectivity, facilitate trade, and will enable the transfer of renewable energy resources, from Central Asia to European markets, the ADB added.– NNN-PNA
