BAKU, Azerbaijan, February 15. The loan portfolio of the EBRD (European Bank for Reconstruction and Development) projects in Azerbaijan was estimated at 843 million euros as of December 31, 2022, Trend reports via the EBRD.
The loan portfolio is designed for the implementation of 35 projects.
The major part of the investment portfolio (86 percent or 726 million euros) focuses on sustainable infrastructure, 10 percent (85 million euros) – on industry, trade and agriculture, and four percent (31 million euros) – on financial institutions, the EBRD said.
In total, the bank has invested over 3.588 billion euros in Azerbaijan's 187 projects.
The European Bank for Reconstruction and Development (EBRD), the country's leading investor, has been cooperating with Azerbaijan since 1992.
EBRD Country Head for Azerbaijan Kamola Makhmudova has earlier said that the anticipated portfolio of investment projects for the next three years is $750 million. The EBRD plans to allocate nearly $300 million in energy, transport, the private sector, SMEs, and the banking sector, in 2023.