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Azerbaijan and the EIB

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Azerbaijan and the EIB

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The EIB has worked with Azerbaijan since 2014.

The Bank operates under the framework of the European Neighbourhood Policy (ENP), the Eastern Partnership (EaP) and other EU bilateral agreements. We have invested more than €96 million in the country. Through cooperation with a local bank, the EIB has provided funding worth €25 million to more than 120 enterprises.

With the support of the EIB, Azerbaijan is aiming to diversify its economy. This process will likely include investments in renewable energy and energy efficiency. Our priorities in Azerbaijan feature the promotion of balanced and sustained economic development, especially for rural areas, the reduction of inequalities and the diversification of national energy sources.

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Azerbaijan and the EIB

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The EIB has worked with Azerbaijan since 2014. In line with the priorities of EU cooperation with Azerbaijan for 2014-2020, the EIB operates in the country under the External Lending Mandate, which focuses on the development of the local private sector, social and economic infrastructure and climate change. Our priorities in Azerbaijan include promoting balanced and sustained economic development, in particular for rural areas, as well as reducing inequalities and diversifying national energy sources. To this end, the EIB has committed more than EUR 96 million.

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Azerbaijan, External Lending Mandate, Eastern Neighbourhood

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All EU activities that help Azerbaijan boost economic growth are part of EU4Business Initiative instruments covering Eastern Neighbourhood countries and are delivered by the EIB in collaboration with other international financial institutions. In the face of COVID-19, we are strengthening support in areas like healthcare, digitalisation, SMEs and climate action in the EaP countries.

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At a glance

The EIB provides finance and expertise
for sound and sustainable investment projects in Azerbaijan.
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Total EIB financing in Azerbaijan by sector
(Last updated at previous year end)
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EIB stories in Azerbaijan

Individual stories speak far louder than figures and charts.
Discover how our work improves the quality of life in Azerbaijan and beyond

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Get EIB support in Azerbaijan

We can provide you with various type of financing to implement projects that promote growth and jobs in your country. We support small businesses, innovation, climate and infrastructure. Get an overview here for the whole EIB Group product range
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Do you need a loan to finance your project?

If you are a public authority and need a loan over EUR 25m
Contact our local office

If you need a loan below EUR 25m
Contact our local partners
Do you have a question?

For enquiries regarding the financing facilities, activity, organisation and objectives of the EIB.
Contact the Information Desk

Tel. +352 4379-22000
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Contact our press officer

Press office
Tel. +352 4379-21000
press@eib.org
www.eib.org/press

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Last modified-on: 04-01-2021