Azerbaijan, Baku, May 15 / corr Trend N.Ismayilova /
An annual meeting of the European Bank for Reconstruction and Development (EBRD) managers began in London on May 15. State Oil Fund of Azerbaijan (SOFAR) Executive Director Shahmar Movsumov is attending the gathering.
Theme of the discussion group with Movsumov and Eurasia Capital Management managing partner Alisher Ali Jumanov is "Raw trap, release from raw dependence".
The two-day forum, task discussions, country presentations, specialized groups and actions to establish contacts is focused on impact of global financial crisis on the EBRD impact region. The discussion groups will mull liquidity crisis, raw dependence and prospects of developing capital market.
Azerbaijani bankers, including Pasha Bank Managing Board Chairman Farid Akhundov are atenting the annual meeting of EBRD.
In 2009 the EBRD plans to invest $170 million in Azerbaijani economy. In 2008 the bank invested $114 million to implement 19 Azerbaijani projects.
So far, the EBRD has implemented 90 projects in Azerbaijan, investing $1.2 billion in total
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