Azerbaijan allocated 25B manats over last 6 years for reconstruction of liberated territories, finance minister says

Azerbaijan has allocated 25 billion manats from the state budget over the past 6 years for projects aimed at restoring and reconstructing the liberated territories - Karabakh and Eastern Zangazur, Minister of Finance Sahil Babayev said at the Second Azerbaijan International Investment Forum (AIIF 2026) in Baku, Report informs.

According to him, these investments were directed into road, water, energy, housing, and social infrastructure projects: "Along with this, 16 billion manats were allocated for infrastructure modernization projects in other regions of the country between 2021 and 2026."

Babayev noted that Azerbaijan engages in extensive cooperation with the World Bank Group, the Asian Development Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank, and the Asian Infrastructure Investment Bank.

The minister added that scaling up cooperation with international financial institutions and diversifying financial instruments are key priorities for the country's next phase of economic development.

($1=1.7 manats)