On April 8, the European Investment Bank (EIB) affirmed its commitment to supporting Azerbaijan’s sustainable development under the EU’s Economic and Investment Plan, focusing on clean energy, sustainable transport, digitalization, and SME financing.

The EIB, a demand-driven institution, expressed openness to projects in Azerbaijan that align with EU policy goals and its standards. EIB Global, its international arm, is actively engaging with Azerbaijani stakeholders to identify cooperation opportunities. Priorities include energy diversification, transport infrastructure modernization, and sustainable economic models.

The bank reported a total investment of nearly €80 million in Azerbaijan, supporting digital infrastructure, green transitions, and small businesses. In December 2024, EIB Global signed a €43 million loan—its first public-sector loan in Azerbaijan—with AzInTelecom LLC to build two modern data centers, enhancing government service speed, security, and accessibility via cloud technology. Additionally, the EIB completed a ten-month technical assistance project to improve railway safety and reliability. A fully disbursed €10 million loan to Bank Respublika supports micro, small, and medium-sized enterprises, promoting financial inclusion, investment, employment, and growth, potentially in local currency.

The EIB remains in ongoing dialogue with Azerbaijani stakeholders to explore further EU-aligned cooperation.