BAKU, Azerbaijan, July 25. Entrepreneurship Development Fund (EDF) of Azerbaijan has allocated preferential loans for 1,384 projects in the amount of 53.9 million manat ($31.7 million) since the beginning of 2022, Azerbaijani Economy Minister Mikayil Jabbarov wrote on Twitter, Trend reports.
This amount was allocated within the framework of state support for the private sector, publication said.
Jabbarov noted that 99.9 percent of loans in terms of number of projects and 96.3 percent in terms of the amount of loans are allocated to micro, small and medium enterprises.
“These loans enable the creation of 1,379 new jobs,” the minister added.