Azerbaijan repays EUR2.3 billion loan to EBRD so far

Azerbaijan repays EUR2.3 billion loan to EBRD so far
# 04 June 2018 09:15 (UTC +04:00)

As of May 1, 2018 total amount of loan allocated by the European Bank for Reconstruction and Development (EBRD) to Azerbaijan on 165 projects made up EUR 3.070 billion.

APA-Economics reports that Azerbaijan repaid EUR 2.270 billion.

Bank’s portfolio on 48 active projects amounts to EUR 1.429 billion. Of this, 49% or EUR 707 million is for energy, 42% or EUR 607 million for infrastructure, 4.95 or EUR 70 million for industry, commerce and agribusiness, 3.15% or EUR 45 million for financial institutions.

EBRD’s operating assets on the country make up EUR 986 million.

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THE OPERATION IS BEING PERFORMED