Azerbaijan, Baku, Dec. 7 / Trend A.Akhundov /
The European Bank for Reconstruction and Development (EBRD) plans to finance 15 new projects in the private sector of Azerbaijan's economy in 2013. This was said to reporters by the head of the EBRD mission in Azerbaijan, Neal McCain.
"Next year, we are planning to launch about 15 new projects in the non-oil sector, including transport and banking. Moreover, a new project is expected in the oil and gas sector which is a continuation of the previous one," McCain said.
According to him, small but important projects are expected in the banking sector
"Allocation of not only investments, but also grants by EBRD which will be directed to training of banking specialists and improvement of the situation on transition of local banks to international standards is expected in order to improve the quality of the banking sector. We have no limits to our investments in Azerbaijan," McCain said