ADB launches new Country Partnership Strategy for Azerbaijan

[ad_1] BAKU, Azerbaijan, July 29. The Asian Improvement Financial institution (ADB) has launched a brand new Nation Partnership Technique (CPS) for Azerbaijan for 2025–2029, Development experiences by way of the Financial institution.

The technique highlights worth creation, integration, and resilience as important for the nation to realize its improvement objectives.

Over the 5 years, the technique will focus on two predominant pillars: enabling a inexperienced and diversified economic system and fostering low-carbon connectivity and inclusive improvement.

"As we embark on this new chapter within the ADB–Azerbaijan partnership, our focus is on constructing a strong economic system, fostering non-public sector-led development, strengthening the monetary sector and contributing to regional cooperation," stated ADB Nation Director for Azerbaijan Sunniya Durrani-Jamal. "By tailor-made strategic investments and collective effort, ADB goals to assist deal with the nation’s improvement priorities, develop regional initiatives, and construct a affluent future for the folks of Azerbaijan."

The CPS is aligned with Azerbaijan’s nationwide improvement methods and is designed to handle key challenges whereas leveraging alternatives for inexperienced and sustainable development. It's going to concentrate on constructing a aggressive economic system by selling innovation, excessive worth services, and creating a talented workforce, amongst its strategic priorities.

To maximise improvement influence, the CPS outcomes transcend GDP development to concentrate on advantages to folks, the atmosphere, and different international public items. The five-year technique contains initiatives aimed toward accelerating local weather motion and catastrophe danger administration and advancing gender equality and digital transformation.