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Country data
- Population:
- 8.4 million
- Area:
- 86, 600 sq km
- Capital:
- Baku
- Currency:
- Manat
Key developments and challenges
For 2009 moderate economic growth of around 3 per cent is expected, with a likely increase in 2010. Higher oil and gas production will underpin further investments in the sector. Notwithstanding the significant drop in hydrocarbon exports expected this year, the current account balance will remain in surplus.
More developments and challengesRelated links
Azerbaijan
Key facts about the EBRD's work in Azerbaijan
| No. of projects | 105 |
|---|---|
| Net business volume | €1,117.1 million |
| Total project value | €6,053.3 million |
| Gross disbursements | €909.2 million |
| Portfolio in private sector | 62% |
EBRD projects 2000-09
Sector breakdown of current projects
Our strategy in Azerbaijan
The Bank will focus on sector reforms, financing infrastructure projects and in supporting the corporate and banking sectors.
In sector reform, the Bank will work with both public and private sectors, and continue policy dialogue with the authorities to improve the investment climate. It will finance key infrastructure projects that focus on transport, energy, and environmental clean-up.
In supporting the corporate sector, the Bank will work with local entrepreneurs, local banks and foreign investors to diversify the economy, including rural development and improving industry standards to an international level.
CONTACTS
Landmark I, 4th Floor
96 Nizami Street
370010 Baku
Azerbaijan
Tel: +994 12 497 1014
Fax: +994 12 497 1019
Highlights
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Flagship reports
The EBRD's principal corporate publications.
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The global financial crisis
We have responded to the crisis with decisive and extensive measures.
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Sustainability
We're committed to sustainable growth and development.
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Our strategies and policies
All our strategies, policies, procedures and related guidelines.
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Speeches and articles
Speeches and articles by EBRD Presidents and senior staff.
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How we are funded
We finance our lending and operational needs by borrowing funds.