Amount of credit allocated by EBRD to Azerbaijan Caspian Sea Shipping unveiled

Amount of credit allocated by EBRD to Azerbaijan Caspian Sea Shipping unveiled
# 12 September 2022 16:54 (UTC +04:00)

European Bank for Reconstruction and Development (EBRD) allocated USD 100 mln credit to the reconstruction of the Azerbaijan Caspian Sea Shipping Closed Joint-Stock Company, APA-Economics reports.

An agreement was signed in this regard among Caspian Sea Shipping, Azerbaijan Investment Company, EBRD.

The agreement was signed by Chairman of the Azerbaijan Caspian Sea Shipping Company Closed Joint-Stock Company Rauf Valiyev, Chief Executive Director of Azerbaijan Investment Holding (AIH) Ruslan Alikhanov from the Azerbaijani side, and by Nandita Parshad, Managing Director of the EBRD’s Sustainable Investment Group.

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THE OPERATION IS BEING PERFORMED