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Azerbaijan's debt to ADB unveiled

27.04.2021,12:51


April 27, Fineko/abc.az. As of 31 December 2020 the Asian Development Bank (ADB) had $2.684 bn of loan funds approved for Azerbaijan on its balance sheet.

ABC.AZ reports that the indicator makes up 1.44% of Bank's total loan portfolio. $2.516 bn (93.7%) has already been used by Azerbaijan for various projects and is included in the country's liability as an outstanding debt to the bank. The remaining $168 million has not been spent yet.

In 2020 alone ADB undertook to allocate $80.6 million to Azerbaijan, including $5.6 million as technical assistance and $75 million for projects.