Azerbaijan’s resolute intention to diversify its economy away from hydrocarbons and foster sustainable growth is receiving robust support from the Asian Development Bank (ADB), reflecting a long-standing and trusted partnership between the two. For decades, ADB has been a vital ally in Azerbaijan’s economic development, and today, its efforts align closely with the country’s strategic priorities — particularly in promoting small and medium-sized enterprises (SMEs) and advancing the green economy.

At the heart of Azerbaijan’s national agenda is the vision outlined in the “Azerbaijan 2030: National Priorities for Socio-Economic Development,” which positions SMEs as a key driver of inclusive growth and employment diversification. This vision mirrors ADB’s commitment to nurturing SMEs as essential pillars of resilient economies throughout Asia.

These initiatives are particularly important for fostering balanced regional development beyond the capital, unlocking untapped potential across Azerbaijan.

The focus on SMEs is strategic and forward-looking. Globally, SMEs represent over........

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