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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