For 2011, EBRD Targets $100M Investment for Azerbaijan

A view of Azerbaijan. The European Bank for Reconstruction and Development hopes to finance projects worth $100 million in the country. Photo by: ritingon / CC BY

The European Bank for Reconstruction and Development hopes to finance 12-15 projects worth $100 million in Azerbaijan in 2011, according to the bank’s top official in the country.

In a May 13 statement obtained by the Azeri-Press Agency, Francis Delaey said the bank has yet to receive an official request for financing from the government so “it is too early at this stage to disclose specific amounts and dates.”

But Delaey indicated which projects the bank is likely to support, noting that there have been preliminary discussions on possible assistance for road rehabilitation, railway investment, and ship yard construction.

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.