BAKU, Azerbaijan, June 21. The current loan portfolio of projects of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan was estimated at 842 million euro as of May 1, 2022, Trend reports via EBRD.
The loan portfolio is aimed at the implementation of 34 projects.
Majority of the project portfolio (724 million euro or 88 percent) is directed to investments in sustainable infrastructure, 70 million euro (eight percent) - to investments in industry, trade, and agricultural sector, and 31 million euro (four percent) - to investments in financial institutions.
EBRD has generally invested over 3.54 billion euro on 181 projects in Azerbaijan.
The bank has been cooperating with Azerbaijan since 1992 and it’s the country's leading investor.