BAKU, Azerbaijan, Dec.22. The European Bank for Reconstruction and Development (EBRD) is set to maintain its key strategic priorities for Azerbaijan in 2023, Kamola Makhmudova, head of EBRD in Azerbaijan, said in an exclusive interview with Trend Dec.22.
“This means continued focus on developing the country’s non-oil sector, strengthening of local lenders, as well as boosting investment in green economy and regional connectivity,” she explained.
Makhmudova pointed out that the Bank will be even more active in 2023, financing both, private and public sectors.
“Projects currently in the pipeline include sustainable infrastructure, agribusiness, financial institutions, and green energy, among others. At this stage, however, we cannot comment on precise figures, as some of these projects are still a work in progress,” she added.
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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