Azerbaijan
CAREC in Azerbaijan
Azerbaijan joined the CAREC Program in 2003. Since then, the country has collaborated with other CAREC members to foster growth and connectivity, positioning the region at the center of Eurasia’s trade and commerce as global markets become more interconnected.
With CAREC’s support, Azerbaijan continues to strengthen its international and domestic road networks to drive economic growth, boost the competitiveness of its products through expanded trade, and accelerate regional development. The country’s North–South and East–West highways hold significant potential as key corridors for transit traffic between Asia and Europe. The rehabilitation of many of Azerbaijan’s roads could boost non-oil trade and increase traffic between the Caspian Sea and Black Sea.
Cumulative Investments
As of December 2025, Azerbaijan has 23 CAREC-related investment projects worth more than $7 billion. About 82% of these projects support transport connectivity, and 18% are focused on energy generation. One-fourth of all investments are financed by ADB.
View all CAREC Projects in Azerbaijan
Investments by Sector
Investments by Funding Source
ADB = Asian Development Bank, DPs = development partners, EBRD = European Bank for Reconstruction and Development, IsDB = Islamic Development Bank, WB = World Bank.
Note: Investments by funding source include cofinancing. Other development partners include Agence Française de Développement, the Saudi Fund for Development, and the European Union.
Explore the impact of selected CAREC-related projects in Azerbaijan:
