EBRD updates investment portfolio for Azerbaijan

The European Bank for Reconstruction and Development (EBRD) has, to date, invested 3.588 billion euros in 188 projects in Azerbaijan, Report informs, citing the EBRD.

Although the number of projects financed by the EBRD in Azerbaijan did not change as of April 28, the investment portfolio has increased by 58 million euros.

The share of the private sector in the EBRD's investment portfolio for Azerbaijan dropped 1 percentage point to 12%.

Currently, EBRD is running 34 projects in Azerbaijan. The portfolio for these projects is 813 million euros (31 million euros less), operating assets total 705 million euros (24 million euros less), and cumulative payments are 3.096 billion euros (60 million euros more).

According to the revised portfolio, 88% or 714 million euros (down 16 million euros) fell to the share of infrastructure projects, 9% or 70 million euros (15 million euros less) to the share of industry, trade, and agribusiness, and 3% or 29 million euros (remained unchanged) to the share of financial institutions.

EBRD's investments in Azerbaijan make up 1% of its total portfolio.

Azerbaijan has been a member of the EBRD since 1992.