BAKU, Azerbaijan, December 20. The European
Funding Financial institution (EIB) stands prepared to contemplate financing tasks,
each in the private and non-private sector which might be consistent with the
cooperation priorities between the EU and Azerbaijan, an EIB
spokesperson instructed Pattern.
In line with the supply, inside its EIB International initiative, the
financial institution’s growth department chargeable for operations outdoors the
EU, the EIB prioritizes inexperienced vitality, vitality effectivity,
connectivity, digitalization, and sustainable infrastructure inside
its cooperation with Azerbaijan.
“EIB International can also be prepared to contemplate regional connectivity
tasks together with submarine electrical energy and digital connections
between the EU and the South Caucasus area, for instance, the
Black Sea submarine electrical energy cable,” the spokesperson famous.
The financial institution consultant additionally identified that the EIB is
notably centered on the implementation of the EU International Gateway
Initiatives and the Financial and Funding Plan for the Jap
Partnership.
“If there are tasks within the nation that may profit from
our financing and meet EU coverage targets and our varied requirements,
we’re all the time open to contemplating financing these tasks. We’re
in common contact with the representatives of the Authorities of
Azerbaijan in addition to public sector counterparts concerning our
potential assist to varied tasks,” the supply stated.
In the meantime, the EIB has been collaborating with Azerbaijan since
2014. Working throughout the tips of the European Neighbourhood
Coverage (ENP), the Jap Partnership (EaP), and different bilateral
agreements throughout the EU, the financial institution has invested over 96 million
euros within the nation. In partnership with a neighborhood financial institution, the EIB has
granted funding totaling 25 million euros to assist over 120
enterprises.
