“This year we will make large investments in Azerbaijan, which would be correct in terms of responding to the crisis and reviving the economy. Under favorable conditions, we plan to invest more than $ 250 million this year in Azerbaijan," said Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD), at a meeting with Azerbaijani President Ilham Aliyev on April 28 in video format.
According to Chakrabarti, the bank will need a sovereign and sub-sovereign guarantee of the government for investments. Investment projects cover mainly the public sector, including energy, infrastructure and ICT. Investments are also planned to be directed towards the commercialization of some state-owned enterprises.