EBRD And ADB Boost Investment And Technical Support In Azerbaijan
As of August 31, the EBRD’s lending portfolio in Azerbaijan totaled €954 million with a focus on sustainable infrastructure, while the ADB approved a $2.19 million technical assistance project to enhance private sector development and climate resilience across Central Asia, including Azerbaijan.
EBRD
The portfolio included 35 active projects, with 38% allocated to the private sector. Compared to July 31, 2025, the total portfolio had decreased by 1.75% (€17 million). The majority of the portfolio—89% (€848 million)—was directed toward sustainable infrastructure development, while 6% (€57 million) was allocated to financial institutions and 5% (€49 million) to the corporate sector. In total, the EBRD has invested €3.673 billion in Azerbaijan across 200 projects. The bank’s operating assets in Azerbaijan were valued at €697 million at the end of August 2025, a 1.83% (€13 million) decrease from the previous month. In 2024, the EBRD provided €199 million in loans to finance eight projects in Azerbaijan, a 27.56% (€43 million) increase compared to 2023.
ADB
In parallel, the Asian Development Bank (ADB) approved a $2.19 million technical assistance project under the "Deepening Development Impact in Private Sector Operations" initiative, covering 42 countries, including Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Financing will be provided through the Technical Assistance Special Fund.
According to the ADB, the project aims to improve the design and implementation of private sector operations, focusing on addressing food insecurity, bridging the digital divide, developing sustainable energy systems, and strengthening climate resilience. The bank emphasized the urgent need to act "bolder, faster, and more closely than ever before" in supporting its developing member countries.
The technical assistance has three main outputs: stronger pipeline development and project design to drive high-impact investments; improved implementation of private sector projects to deliver development outcomes; and enhanced evaluation and knowledge sharing on development impact. Azerbaijan, a member of the ADB since 1999, has received over $5 billion in loans, including $1.5 billion for transport projects and $1.7 billion for energy projects.
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