Azerbaijan, Baku / Trend corr. I.Khalilova / European Investment Bank (EIB) submitted framework agreement on cooperation to the Azerbaijani Government, the Ministry for Economic Development reported. EIB expanded cooperation with Azerbaijan after joining the Policy of new European Neighborhood.
EIB's delegation will visit Baku in October 2007., Constantin Sinadino, the director on EIB's operations in Russia, East Europe and the South Caucasus, said during meeting with Heydar Babayev, the Azerbaijani Minister of Economic Development in Brussels.
European Bank of Reconstruction and Development and EIB has already demonstrated intension on joint investing in Russia, Ukraine, Moldova, the South Caucasus republics and Central Asia. EU's Council is ready to allocate some € 3.7bln for implementation of financing by 2013.
The minister paid visit to Brussels on 3 September.