The European Bank for Reconstruction and Development (EBRD) will increase the volumes of credit lines for the Azerbaijani Joint Stock Investment Azerigazbank. EBRD took a decision to increase financing both within the credit line for the trade financing, and development of the small and medium-size entrepreneurship, the bank’s board chairman Azer Movsumov told Trend.
"We plan to sign the agreement in September. EBRD will increase the volume of the credit line for trade financing for $1 million, and the projects of the small and medium entrepreneurship for $1,5.
Thus, the total amount of funding will reach $5,5 million with the increase of the credit line for the trade financing up to $2 million, and for the small and medium size entrepreneurship вЂ" up to $3,5 million. Financing will be allocated for three years”, Movsumov noted.