Davos: President of the Republic of Azerbaijan, Ilham Aliyev, engaged in discussions with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), in Davos. The meeting highlighted the ongoing collaboration between Azerbaijan and the EBRD, emphasizing the successful projects the Bank has executed in the country.
According to Azeri-Press News Agency, both leaders expressed satisfaction with their partnership, particularly acknowledging the EBRD’s projects in regions such as Ganja and Sheki, focusing on the water sector. The dialogue included discussions on financing initiatives outlined in the State Program aimed at enhancing the water supply, wastewater, and stormwater systems in Baku and the Absheron Peninsula from 2026 to 2035.
Additionally, the meeting covered cooperation in the renewable energy domain, the modernization of Nakhchivan’s transport infrastructure, and the financial backing of household waste management projects across Azerbaijan.
The discussions also addressed efforts by the Azerbaijani state to advance the banking sector, bolster entrepreneurship, and create a conducive investment climate for both local and international business entities.