Odile Renaud-Basso, president of the European Bank for Reconstruction and Development (EBRD), will visit the Caucasus from September 12 to 16, first to Azerbaijan, then to Georgia, and finally to Armenia.

"APA-Economics" was informed about this by EBRD.

It was reported that this is the first personal visit of President Renaud-Basso to the region after taking office at the end of 2020.

The trip was supposed to take place in 2021, but travel restrictions due to the COVID-19 pandemic resulted in the postponement of the trip.

Before leaving, the EBRD president held virtual meetings with various civil society representatives from Azerbaijan, Georgia and Armenia.

Mrs. Renaud-Basso said: "I am looking forward to visiting the Caucasus, where the Bank has achieved commendable results during its 30 years of operation.

"Despite its size, the region remains an important investment destination for us, and we have already invested more than 10 billion euros in this region.

"During my visit, I will reiterate our full support for the Caucasus and its green transition program, as well as improving transport connectivity, sustainable infrastructure and political dialogue.

"Also, I will have meetings with our partner financial institutions to discuss future support for the private sector, including small and medium enterprises."

Mrs. Renaud-Basso will first visit Baku and meet with the political leadership of Azerbaijan.

He will also meet with diplomats, leaders of the business community and the Bank's existing partners.

The EBRD President will sign an agreement on the Bank's second "Green City" project in Azerbaijan, and will launch a joint project with AZPROMO, the national investment promotion agency serving the development of the country's telecommunications, media and technology (TMT) sector.

The EBRD president will hold high-level meetings with the political leadership of Georgia in Tbilisi.

He is also expected to meet with diplomats, regional heads of international financial institutions, heads of business associations and existing business partners from the private sector, including local banks.

Ms. Renaud-Basso will also sign loan agreements with long-term partners in the financial and healthcare sectors.

His visit coincides with the 30th anniversary of the EBRD's operation in the country.

So far, the bank has invested 5 billion euros in 270 projects.

The EBRD president will conclude his visit in Yerevan, where he will meet with the political leadership of Armenia.

Within the framework of the visit, meetings will be held with representatives of the diplomatic community and international development partners.

Ms. Renaud-Basso will also be at the central bank and will participate in round-table discussions with CEOs of local partner banks.

President Renaud-Basso will also visit the Center for Creative Technologies (TUMO), where he will meet with leaders of Armenia's high-tech sector, as well as participate in events marking the 15th anniversary of the EBRD-supported Armenia Investment Council.

Since its inception in the Caucasus in 1992, the EBRD has invested more than 10.64 billion euros in 652 projects in the financial, corporate, infrastructure and energy sectors of the region, with the majority of these investments coming from the private sector.

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10:29

President of the European Bank for Reconstruction and Development (EBRD-EBRD) Odil Reno-Basso will visit Azerbaijan on September 12-16.

"APA-Economics" reports that the EBRD president will hold meetings in the Ministry of Finance, the Ministry of Economy, the Central Bank of Azerbaijan and other relevant state institutions in Azerbaijan.

According to information, during the visit, the main attention will be focused on the important role of Azerbaijan in the field of food security, transport communications and energy.

It should be noted that the EBRD has so far provided Azerbaijan with 3.6 billion within the framework of 181 projects.

invested more than euro.

89% of the portfolio is invested in sustainable infrastructure, 8% in industry, trade and agribusiness investments, 3% in financial institutions.