BAKU, Azerbaijan, September 23. A fundamental
revision of approaches to the implementation of infrastructure
projects is necessary, ADB’s Country Director for Azerbaijan,
Sunnia Durrani-Jamal, said at the 1st Azerbaijan International
Investment Forum in Baku, Trend reports.
“Most of the infrastructure transformation projects are too
large-scale, complex, and expensive. The solution to this problem
requires a fundamental shift in the approach to the development of
our infrastructure, as well as raising the right questions about
the ratio of price and quality,” she explained.
According to Durrani-Jamal, it’s also important to create a
favorable environment for development, the potential within state
structures to launch and support projects, as well as the
mobilization of private capital.
“It’s here that international financial organizations have a
special value – both in the base markets and in high-risk areas, as
we have many interesting financial instruments and structures,
including risk guarantees, mechanisms for raising rates, and credit
financing,” the ADB representative added.
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