(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 19. The European
Investment Bank (EIB) Global has been working with financial
institutions in Azerbaijan with the aim of supporting private
sector development, a source at the EIB told trend .
According to the bank, the support is provided either directly,
or through investment funds, providing debt and equity.
'We are exploring additional partnerships in the banking sector
to support access to finance and contribute to the development of
resilient and sustainable MSMEs,' the source said.
At the same time, as the bank noted, the EIB Global is
discussing possible areas of cooperation, including the potential
projects described in the EU Economic and Investment, as well as in
the EU Global Gateway initiative, with the Government of Azerbaijan
and various relevant stakeholders.
Meanwhile, EIB Global – European Investment Bank's development
branch bearing on operations outside the EU.
The Bank operates under the framework of the European
Neighborhood Policy (ENP), the Eastern Partnership (EaP) and other
EU bilateral agreements. It has invested more than 96 million euros
in the country. The current size of the active loan portfolio of
the EIB in Azerbaijan is 26.2 million euros.
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