BAKU, Azerbaijan, Jan. 10
By Sadraddin Aghjayev - Trend:
The European Bank for Reconstruction and Development (EBRD) boosted the total volume of investments in Azerbaijan’s economy in 2021, Trend reports on Jan. 10 via the EBRD.
According to the bank, this indicator amounted to 34 million euro, up by two times on annual basis.
The loan portfolio has been designed for the implementation of eight programs (against six programs worth 17 million euro in 2020).
In general, 709 million euro (88 percent) of the loan portfolio for the projects accounted for investments in sustainable infrastructure, nine percent or 73 million euro - for investments in industry, trade and agriculture, while three percent or 20 million euro for investments in financial institutions.
EBRD has been cooperating with Azerbaijan since 1992 and it is the country's leading investor. The investments cover various sectors of the country: energy, infrastructure, banking, industry and commerce.