11:11 - 4.04.2022

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April 4, Fineko/abc.az. The Asian Development Bank is ready to provide financing in Azerbaijan to local private sector companies, financial institutions and state-owned enterprises in order to match the projects implemented in this country, ABC.AZ reports with reference to ADB Azerbaijan Resident Mission’s country director Candice McDeigan.

"ADB supports the private sector development program of the Azerbaijani government, contributing to the creation of favorable environment for the mobilization of private investments," McDeigan said.

She recalls that ADB and Avrora LLC, which is one of the local producers of food and beverages, signed a $5.9 million loan agreement to help support the supply chain and operations of the company.