ADB to bail out Azerbaijan with technical know-how

[ad_1] BAKU, Azerbaijan, September 13. The Azerbaijan State Water Sources Company (ADSEA) and the Asian Improvement Financial institution (ADB) have signed an agreed doc beneath the Technical Help Settlement (TAS), formalizing the commitments of each events, Development experiences.

The doc was signed throughout a gathering between ADSEA Chairman Zaur Mikayilov and ADB Nation Director for Azerbaijan Sunniya Durrani-Jamal.

From the company, Chairman Zaur Mikayilov, First Deputy Chairman Khayyam Mammadov, Advisor to the Chairman Asad Shirinov, and Head of the Technique, Worldwide Cooperation, and Science Division Riad Akhundzade attended the assembly.

Representing the Asian Improvement Financial institution had been Nation Director for Azerbaijan, Sunniya Durrani-Jamal, Regional Director for Personal Sector Improvement, Enrico Pinali, Director of Markets Improvement and PPP Workplace, Mohammed Azim Hashimi, Senior Markets Improvement Specialist, Masayuki Kanda, Principal Personal Sector Improvement Officer, Sanan Shabanov, and Guide Ramazan Samedov.

The discussions targeted on alternatives for cooperation within the discipline of public-private partnership (PPP) in Azerbaijan and on potential technical help tasks with the Asian Improvement Financial institution. The assembly concluded with the signing of the agreed TAS doc, formally setting out the obligations of each side.

The Azerbaijan State Water Sources Company (ADSEA) was instituted by way of a presidential decree on March 30, 2023, with the goal of optimizing hydrological useful resource governance and mitigating the challenges related to water shortage throughout the nationwide context. The company was established by means of the amalgamation of antecedent hydrological governance our bodies right into a singular, cohesive framework.