The Bank operates under the framework of the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements. We have invested more than €96 million in the country. Through cooperation with a local bank, the EIB has provided funding worth €25 million to more than 120 enterprises.
With the support of the EIB, Azerbaijan is aiming to diversify its economy. This process will likely include investments in renewable energy and energy efficiency. Our priorities in Azerbaijan feature the promotion ofbalanced and sustained economic development, especially for rural areas, the reduction of inequalities and the diversification of national energy sources.