BAKU, Azerbaijan, Jan. 10
By Sadraddin Aghjayev - Trend:
The current portfolio of projects of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan is estimated at 801 million euros as of early 2022, Trend reports with reference to the EBRD.
The loan portfolio has been designed for the implementation of 35 programs.
The main part of the project portfolio (88 percent or 709 million euros) accounted for investments in sustainable infrastructure, nine percent or 73 million euros - for investments in industry, trade and agriculture, while three percent or 20 million euros for investments in financial institutions.
In general, the bank has invested over 3.2 billion euros in Azerbaijan for 178 projects.
EBRD issued loans in the amount of 17 million euros in 2021 for the implementation of six projects in Azerbaijan. The loans worth 857 million euros were issued for implementation of 34 projects in the public and private sectors of the country over the past four years.
So far, the bank has invested about 3.2 billion euros in Azerbaijan for 175 projects.
EBRD has been cooperating with Azerbaijan since 1992 and it is the country's leading investor.
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