OREANDA-NEWS. October 14, 2010. The European Bank for Reconstruction and Development (EBRD) has drafted a new strategy for Azerbaijan.

Bank’s representative in the country Francis Delaey says that the EBRD Board of Directors is planning to approve it in December.

"Under the new strategy, we will continue supporting investments and development of non-oil sector, development of business and investment environment. Promotion to financial sector remains in our priorities, and one can expect new opportunities on financing and equity investments in banks and non-bank commercial sector,” Delaey said.

The Bank has no limit on financing projects in Azerbaijan, and all will be limited with quality and parameters of projects themselves.