BAKU, Azerbaijan, Dec.26. The European Bank for Reconstruction and Development (EBRD) is keen to explore new infrastructure projects that meet eligibility criteria in terms of Bank’s policies and standards, Kamola Makhmudova, head of EBRD in Azerbaijan, said in an exclusive interview with Trend Dec.26.
She was commenting on the possibility of EBRD’s contribution to green zone project in Azerbaijan’s liberated territories.
"These criteria encompass a large spectrum of questions, starting from environmental, sustainability aspects to procurement and financial considerations. The list is extensive and each project requires extensive assessment. Therefore, upon receipt of such request by the government, we will evaluate such opportunities on a project-by-project basis, in coordination with other IFIs (international financial institutions) and subject to safe access to project sites (as we understand that de-mining of the territories is still ongoing)," Makhmudova explained.
Azerbaijan jointed the EBRD on 25 September 1992. In Azerbaijan the EBRD focuses on:
Helping diversify Azerbaijan’s economy by supporting the
development of the private sector in non-oil sectors and
strengthening governance of private and state-owned companies.
Further expanding access to finance for local businesses by
encouraging lending by banks and non-bank financial institutions as
well as by helping develop local currency and capital markets.
Supporting to the country’s green economy, including financing for
renewable energy sources, increased energy efficiency and cleaner
transport and sustainable infrastructure.
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