We have committed more than EUR 96 million worth of investments in the country.
Our priorities in Azerbaijan:
Promoting balanced and sustained economic development, in particular for rural areas
Diversifying national energy sources.
The majority of our operations in Azerbaijan enhances access to finance to SMEs through cooperation with local financial institutions. The first EIB credit line of EUR 25m reached 122 enterprises, mainly in the wholesale, retail, services, agriculture, health, manufacturing and education sectors.
The EIB operates in the country under the External Lending Mandate, which focuses on the development of the local private sector, social and economic infrastructure and climate change, and in line with the priorities of EU cooperation with Azerbaijan for 2014-2020.
All EU activities that help Azerbaijan to boost economic growth are part of EU4Business Initiative instruments covering Eastern Neighbourhood countries and are delivered by the EIB together with other international financial institutions.
At a glance
The EIB provides finance and expertise for sound and sustainable investment projects in Azerbaijan.