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EBRD unveils projects portfolio in Azerbaijan

Economy Materials 30 August 2022 20:19 (UTC +04:00)
EBRD unveils projects portfolio in Azerbaijan
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 30. The current loan portfolio of the European Bank for Reconstruction and Development (EBRD) projects in Azerbaijan was estimated at 844 million euros, Trend reports via EBRD.

The loan portfolio is designed for the implementation of 32 projects.

The largest part of the project portfolio (89 percent or 748 million euros) is directed to investments in sustainable infrastructure, 8 percent or 65 million euros to investments in financial institutions, and 3 percent or 31 million euros to industry, trade and the agricultural sector.

Notably, the EBRD has been cooperating with Azerbaijan since 1992 and is the country's leading investor. Overall, the bank has invested 3.6 million euros to implement 181 projects in Azerbaijan.

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