Shorouk Express
BAKU, Azerbaijan, April 23. Azerbaijani Finance
Minister and member of the Board of Governors of the Asian
Development Bank (ADB) Sahil Babayev held a meeting with Rachel
Thompson, Executive Director representing Azerbaijan on the ADB
Board of Directors, Trend reports citing Azerbaijani Ministry of
Finance.
According to the information, the meeting emphasized the
importance of long-term successful cooperation between Azerbaijan
and ADB, and exchanged views on the ADB Country Partnership
Strategy for 2025-2029, which is currently under discussion, as
well as on future lending programs for projects based on government
priorities.
Babayev noted the importance of the bank’s support for projects
implemented by the government in accordance with the country’s
development needs, and stressed that Azerbaijan will continue to be
an active member of the donor community to support ADB’s social
initiatives and poverty reduction efforts.
During the meeting, areas of future cooperation were discussed,
including the expansion of the Baku Metro network, opportunities
for cooperation in projects to develop transport infrastructure in
Baku and adjacent areas, supply drinking water, reduce water losses
and manage rainwater, as well as in the field of modernization of
railway infrastructure.
At the meeting with ADB Country Director for Azerbaijan Sunniya
Durrani-Jamal, Minister Sahil Babayev highly appreciated the role
of the bank’s office in Azerbaijan in identifying the country’s
needs and coordinating cooperation.
Durrani-Jamal stated that ADB, as an important and reliable
partner of Azerbaijan, is ready to further expand cooperation and
support the country’s development priorities.
