BAKU, Azerbaijan, March 7. The loan portfolio of the European Bank for Reconstruction and Development (EBRD) projects in Azerbaijan was estimated at 917 million euros as of January 31, 2024, Trend reports.
Meanwhile, it was estimated at 897 million euros as of December 31, 2023. Thus, the project portfolio increased by 20 million euros.
According to the EBRD, the loan portfolio is designed for the implementation of 31 projects.
"The majority of the portfolio (90 percent, or 826 million euros) is aimed at investments in sustainable infrastructure; seven percent (65 million euros) are for investments in the industry, trade, and agricultural sectors; and three percent (26 million euros) are for investments in financial institutions," the statement of the EBRD reads.
Overall, the bank has invested over 3.6 billion euros in Azerbaijan on 189 projects.
To note, the EBRD has been cooperating with Azerbaijan since 1992 and is the country's leading investor.
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