BAKU, Jan. 31 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Azerbaijan, aiming to drive economic diversification and accelerate the transition to green energy over the next five years, the bank said in a statement on Friday.
The strategy prioritizes reducing Azerbaijan's reliance on hydrocarbons by strengthening private sector competitiveness, supporting small and medium-sized enterprises (SMEs), and advancing corporate governance reforms. The EBRD will focus on non-oil sectors such as agribusiness, manufacturing, information technology, and infrastructure while also promoting female- and youth-led enterprises.
