ADB PRESIDENT TO ARRIVE IN AZERBAIJAN ON NOV. 19

Azeri Press Agency
Nov 13 2008
Azerbaijan

Baku. Nijat Mustafayev – APA-ECONOMICS. The President of the Asian
Development Bank, Mr. Haruhiko Kuroda, will arrive in Azerbaijan on
November 19.

The ADB Office in Baku said Mr. Kuroda will be attending the seventh
Ministerial Conference on Central Asia Regional Economic Cooperation
(CAREC) in Baku.

He is due to meet with Azerbaijani President Ilham Aliyev, Minister of
Economic Development Shahin Mustafayev and other government officials.

CAREC is an allegiance of eight countries – Afghanistan, Azerbaijan,
People’s Republic of China, Kazakhstan, Kyrgyz Republic, Mongolia,
Tajikistan and Uzbekistan – with the common goal of promoting economic
cooperation and development in Central Asia.

Several important regional strategies involving trade, energy and
transportation will be discussed at the CAREC Ministerial Conference.

Two loans agreements – one for the Power Transmission Enhancement
Project and another on additional loan for the Ganja Bypass Route are
due to be signed between ADB and the Government of Azerbaijan during
Mr. Kuroda’s visit.

Mr. Kuroda will travel to Azerbaijan from Armenia and Georgia. In
Armenia, he will also be inaugurating ADB’s new office in Yerevan.