"Within the framework of the government support to private sector, in January-August 2021, 48.4 mln AZN of soft loans were allocated to finance 945 investment projects," wrote Minister of Economy of Azerbaijan Mikayil Jabbarov on Twitter, APA-Economics reports.
The Minister noted that 59.2% of soft loans were allocated to agriculture, 24.2% - to manufacturing and processing of industrial products, and 16.6% - to other sectors.
"97.5% of loans were allocated to micro, small and medium enterprises. Implementation of these investment projects will create more than 1,400 new jobs," noted the Minister.
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