Asian Development Bank

ADB to hire consultants for $350,000 to study Azerishig grid upgrade

EditorOctober 23, 2026October 23, 2026

by EditorOctober 23, 2026October 23, 202604

The Asian Development Bank will engage an international consulting firm to prepare a feasibility study for modernizing and digitalizing Azerbaijan's electricity distribution network. The consulting...

Finance & Banking

Karimov discusses fiscal reforms with IMF, ADB in Bangkok

EditorOctober 17, 2026October 17, 2026

by EditorOctober 17, 2026October 17, 202606

Azerbaijan's First Deputy Finance Minister Anar Karimov held a series of meetings with international financial institutions in Bangkok during the IMF-World Bank Group annual meetings....

Transport & Logistics

ADB approves $302 million loan for Baku metro signalling upgrade

EditorOctober 13, 2026October 13, 2026

by EditorOctober 13, 2026October 13, 202606

The Asian Development Bank (ADB) has approved a $302.38 million loan to modernise the signalling system and digitalise operations at the Baku Metro. The funding...

Transport & Logistics

ADB to provide $350 million for Bilajari-Yalama railway electrification

EditorOctober 12, 2026October 12, 2026

by EditorOctober 12, 2026October 12, 202604

The Asian Development Bank (ADB) will finance $350 million of a $447.88 million project to electrify the Bilajari-Yalama railway line and install new signalling and...

Business & Investment Main news

ADB aims to boost annual private-sector financing in Azerbaijan to $13 billion

EditorOctober 6, 2026October 6, 2026

by EditorOctober 6, 2026October 6, 2026049

The Asian Development Bank (ADB) plans to raise its annual financing for the private sector to roughly $13 billion by 2030, the bank's Azerbaijan Country...