EBRD updates investment portfolio for Azerbaijan

The European Bank for Reconstruction and Development (EBRD) has, to date, invested 3.484 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 June, the investment portfolio has decreased by 104 million euros.

The share of the private sector in the EBRD's investment portfolio for Azerbaijan remained unchanged at 12%.

Currently, EBRD is running 31 projects in Azerbaijan. The portfolio for these projects is 787 million euros (26 million euros less), operating assets total 685 million euros (20 million euros less), and cumulative payments are 3.007 billion euros (89 million euros less).

According to the revised portfolio, 88% or 692 million euros (down 22 million euros) fell to the share of infrastructure projects, 9% or 67 million euros (22 million euros less) to the share of industry, trade, and agribusiness, and 3% or 28 million euros (1 million euros less) 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.