BAKU, Azerbaijan, February 25. Azerbaijan and
the European Bank for Reconstruction and Development (EBRD) have
engaged in discussions regarding the progress of key projects,
which are set to be formalized and signed within the country,
Trend reports via
the country's Ministry of Finance.
The discussions took place during a meeting between Anar
Karimov, First Deputy Minister of Finance of Azerbaijan, and a
delegation headed by Nataly Mouravidze, the EBRD Resident Office
Director in Azerbaijan.
The meeting also addressed critical priorities within the
domains of water management and urban infrastructure.
Karimov highlighted that the EBRD stands as one of Azerbaijan’s
key partners in fostering private sector development, strengthening
urban infrastructure, promoting environmental sustainability, and
enhancing public service delivery. He emphasized the strategic
importance of the projects under implementation, which will proceed
in phases, adhering to the principles of fiscal sustainability and
effective financing mechanisms.
The First Deputy Minister further underscored that ongoing
projects in the cities of Ganja and Sheki are not only pivotal for
modernizing urban infrastructure and improving water supply to
local populations but are also crucial for raising environmental
standards and enhancing the efficiency of municipal services.
In turn, Mouravidze expressed satisfaction with the longstanding
cooperation between Azerbaijan and the EBRD, noting that
accelerating the implementation of water and urban infrastructure
projects remains a primary focus for the bank. She emphasized the
importance of structuring financing for the next project phases in
a manner that is both efficient and goal-oriented. Moreover, she
reaffirmed the bank’s commitment to further collaboration in green
transition efforts, climate financing, and the expansion of
technical support mechanisms.
The meeting also featured an extensive exchange of views on the
ambitious water infrastructure program planned for the
Baku-Absheron region, discussing its financing mechanisms,
alongside other mutually beneficial areas of cooperation.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
