BAKU, Azerbaijan, March 19. The European
Investment Bank (EIB) Global has been working with monetary
establishments in Azerbaijan with the goal of supporting non-public
sector improvement, a supply on the EIB advised Trend.
According to the financial institution, the assist is offered both instantly,
or by means of funding funds, offering debt and fairness.
“We are exploring further partnerships within the banking sector
to assist entry to finance and contribute to the event of
resilient and sustainable MSMEs,” the supply mentioned.
At the identical time, because the financial institution famous, the EIB Global is
discussing doable areas of cooperation, together with the potential
initiatives described within the EU Economic and Investment, in addition to in
the EU Global Gateway initiative, with the Government of Azerbaijan
and varied related stakeholders.
Meanwhile, EIB Global – European Investment Bank’s improvement
department bearing on operations outdoors the EU.
The Bank operates beneath the framework of the European
Neighborhood Policy (ENP), the Eastern Partnership (EaP) and different
EU bilateral agreements. It has invested greater than 96 million euros
within the nation. The present dimension of the energetic mortgage portfolio of
the EIB in Azerbaijan is 26.2 million euros.