BAKU, Azerbaijan, August 28. The loan portfolio of the European Bank for Reconstruction and Development (EBRD) projects in Azerbaijan was estimated at 893 million euros as of July 31, 2024, Trend reports via EBRD.
According to the EBRD, the loan portfolio is designed for the implementation of 29 projects.
“The majority of the portfolio (91 percent, or 816 million euros) is aimed at investments in sustainable infrastructure, six percent (50 million euros) at investments in the industry, trade, and agricultural sectors, and three percent (27 million euros) at investments in financial institutions,” the statement of the EBRD reads.
The Bank has invested over 3.7 billion euros in Azerbaijan in 190 projects.
To note, EBRD has been cooperating with Azerbaijan since 1992 and is the country's leading investor.