Azerbaijan, EBRD ink two documents

Azerbaijan has signed two documents with the European Bank for Reconstruction and Development, Report informs.

"During the meeting with President of the EBRD Odile Renaud-Basso, we discussed the cooperation prospects and implementation of the joint projects with the Bank," Minister of Economy Mikayil Jabbarov wrote on Twitter.

"In accordance with the documents signed today, the EBRD will allocate large-scale loans without the state guarantee to finance the projects aimed at the modernization of the fleet of the Caspian Shipping Company under Azerbaijan Investment Holding. Additionally, within the framework of the "Ganja-Green City Program", the "Street lighting" project is intended to be carried out and improve the infrastructure in Ganja city," the minister tweeted.