Republic of Azerbaijan
% Total Capital
Since Azerbaijan’s membership in 1992, IsDB has been approving economic and social infrastructure projects, mostly in energy, water and sanitation, and urban services, and improving access to finance. More specifically, the Bank’s financing assisted the country to reach the following socio-economic results:
- In the Energy sector, an energy generation capacity of 1,060 MW and a renewable energy generation capacity of 230 MW were installed. In addition, 287 kilometers of transmission/distribution lines were constructed, and 400 substations were installed or upgraded improving national energy security and boosting exports.
- In Water and Sanitation sector, more than 100 small-scale potable water distribution networks in rural communities were constructed or rehabilitated providing clean and safe drinking water and basic sanitation to 75,000 people in 4 regions of Azerbaijan.
- In the Agriculture and Rural Development sector, about 85,000 hectares of agricultural land were irrigated, and modern agricultural equipment for farmers was provided.
- In the Finance sector, a US$10 million of financing was provided to private sector enterprises including small and medium enterprises affected by the COVID-19 pandemic.
H.E Mikayil Jabbarov
Minister of Economy
H.E Samir Sharifov
Minister of Finance