EBRD updates data on its work in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) has invested €3.603 billion in 181 projects in Azerbaijan so far, Report informs, citing the EBRD.

Although the number of projects financed by the bank in Azerbaijan did not change compared to the indicators announced by the EBRD on July 20 this year, the investment portfolio was increased by €90 million.

The share of the private sector in the EBRD's investment portfolio in Azerbaijan is 12%.

Currently, there are 33 active projects (unchanged) in the European Bank for Reconstruction and Development portfolio in Azerbaijan. The portfolio for these projects was €833 million (€19 million), operating assets were €759 million (€18 million more), and cumulative payments were €3.117 billion (€80 million more).

Based on the updated portfolio, 88% or €736 million (€20 million more) of total investments went to infrastructure projects, 8% or €66 million (€1 million less) to industry, trade and agribusiness, and 4% or €31 million (unchanged) to financial institutions.

EBRD's investment in Azerbaijan made up 1% of the total portfolio.

Azerbaijan has been a member of the EBRD since 1992.