2024-05-27 07:01:38
Supply: Development Worldwide Info Company
The European Financial institution for Reconstruction and Improvement (EBRD) is dedicated to supporting Azerbaijan’s financial progress and its inexperienced transition.
As Day.Az studies, the pinnacle of the EBRD in Azerbaijan, Natalya Mouravidze, mentioned this in an unique interview with Development.
“We’re happy with the prospects for cooperation with the private and non-private sectors of Azerbaijan to finance a number of initiatives which might be strategically essential for the nation, in addition to to help monetary establishments and native companies,” she famous.
Mouravidze emphasised that every challenge is assessed individually to make sure a constructive influence on the expansion and improvement of the nation.
She additionally famous that negotiations are at present underway with the personal sector on a number of vital initiatives, the small print of which can’t be disclosed at this stage of preparation.
It must be famous that as of February 29, 2024, the mortgage portfolio of EBRD initiatives in Azerbaijan was estimated at 937 million euros, the mortgage portfolio is designed for the implementation of 32 initiatives.
The vast majority of the portfolio (90 p.c, or 848 million euros) is aimed toward investments in sustainable infrastructure, seven p.c (64 million euros) on investments in trade, commerce and agriculture, and three p.c (26 million euros) on investments in monetary institutes.
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