EBRD Sees Role For Mdbs In Attracting Long-Term Finance To Azerbaijan
He made the remarks at the German-Azerbaijani Conference on Strategic Partnership and Connectivity in Baku on Tuesday.
He said trade finance programs are suitable for meeting short-term financing needs, while long-term financing first requires projects to be technically, institutionally, and engineering-wise sound.
“The first area is risk mitigation. This can be achieved through blended finance, first-loss guarantees and investment grants for projects that meet certain criteria and fall outside standard requirements,” Hajiyev said.
According to the EBRD official, the second key area is channeling long-term capital available in other countries and financial centers to Azerbaijan through various mechanisms.
“Mechanisms such as A and B loans, syndication and other financial instruments can be used here. The capital is abroad, and I believe investment projects also exist in Azerbaijan. The key issue is to connect the two,” he said.
Hajiyev emphasized that MDBs can serve as a bridge between international capital and investment projects in Azerbaijan.
“MDBs can serve as a bridge between these two sides. The objective is to connect long-term capital abroad with bankable investment projects in Azerbaijan,” the EBRD official added.
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