BAKU — The European Bank for Reconstruction and Development (EBRD) has reported a substantial increase in its active investment portfolio for Azerbaijan, marking a significant uptick in the bank's financial engagement with the country.

According to Azeri-Press News Agency, as of September 30, 2023, the volume of the active investment portfolio in Azerbaijan has reached EUR 814 million, including undisbursed commitments. This figure represents an increase of 3.4%, or EUR 27 million, compared to the last reported indicator, with the number of implemented projects totaling 31.

The breakdown of the investment portfolio reveals that a majority, 88%, is dedicated to sustainable infrastructure, with EUR 719 million allocated to this sector. Meanwhile, 8% of the investments, amounting to EUR 67 million, are directed towards industry, commerce, and agribusiness, with the remaining 4%, or EUR 29 million, invested in financial institutions. The EBRD's overall operational assets in Azerbaijan have seen a 7.1% increase, totaling EUR 734 million.