Azernews.Az

By Trend

The European Bank for Reconstruction and Development (EBRD) remains committed to financing Azerbaijani banks in 2022 and beyond, EBRD President Odile Renaud-Basso said in an exclusive interview with Trend ahead of her visit to Azerbaijan.

According to her, EBRD continued to engage with Azerbaijan's banking sector through difficult times, and this cooperation will further develop.

"We're currently drafting several projects in line with our major strategic goals, such as promoting international trade, supporting micro, small and medium-sized enterprises, as well as green and inclusive financing. I am confident in the positivity of such prospects, and the Bank's Baku team is engaged in multiple workflows in the financial sector of Azerbaijan," said the EBRD president.

She noted that EBRD is currently financing local private banks and facilitating international trade.

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Reklamınızı SmartBee ilə effektiv e"The Bank is focused on financing local currency wherever possible and actively supporting Azerbaijan’s regulatory improvements through advising the authorities. We are involved in strengthening the internal capacity of our partners via advisory support. Moreover, we stand ready to foster the crucial elements of Azerbaijan's financial infrastructure, help with improvements in corporate governance, as well as assist with privatization efforts, if requested by relevant stakeholders," said Odile Renauld Basso.

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