BAKU, Azerbaijan, May 1. The European Bank for Reconstruction and Development (EBRD) plans to increase investments in Azerbaijan, the head of the EBRD in Azerbaijan, Nataly Mouravidze told Trend in an exclusive interview.
"Our current portfolio of projects in Azerbaijan stands at 937 million euros. Last year alone, we invested 156 million euros in Azerbaijan's economy, up from over 3.6 billion euros invested throughout our three decades of activity here," she emphasized.
She mentioned that the focus on investments in the development of the green economy is an important aspect.
"Whether it is our investments in Green Cities in Ganja, a solar power plant in Garadagh, or the largest utility-scale wind farm under construction in Absheron and Khizi districts," Mouravidze said.
Mouravidze assured that plans to further expand EBRD's investment activities in Azerbaijan remain unchanged, which confirms the strategic partnership between the Bank and the country in the field of economic development.
To note, the EBRD's project loan portfolio in Azerbaijan as of February 29, 2024, was estimated at 937 million euros, with 32 projects in the loan portfolio.
Most of the portfolio (90 percent, or 848 million euros) is aimed at investments in sustainable infrastructure, seven percent (64 million euros) at investments in industry, trade, and the agricultural sector, and three percent (26 million euros) at investments in financial institutions.
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