Azerbaijan is expected to receive up to USD600 million from the Asian Development Bank for its water and sanitation development programs. The loan will be allocated periodically through a multitranche financing facility approved by the regional bank. The first tranche amounts to approximately USD75 million.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
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