Azerbaijan commends EBRD’s strategic role in driving economic growth, green transition At Annual Meeting in London

Azerbaijan’s Minister of Economy, Mikayil Jabbarov, expressed his country’s appreciation for the European Bank for Reconstruction and Development’s (EBRD) role in boosting economic growth during the Annual Meeting of the EBRD Board of Governors.

Speaking at the plenary session in London, Jabbarov highlighted the importance of the bank’s ongoing support for member states, Caliber.Az reports. 

“We emphasized the significance of the EBRD’s continued support to its member countries, its impactful investments driving global economic growth, its role in accelerating the green transition, and future action plan perspectives,” he said on X.

The minister also pointed to Azerbaijan’s strategic importance in the international energy and trade sectors, noting the country’s favourable geographic and economic position. “We also highlighted Azerbaijan’s strategic role in international energy and trade networks, along with its commitment to shared values and its favourable geographic and economic positioning.”

Jabbarov extended sincere thanks to the EBRD, describing it as “a trusted partner” that has made a valuable contribution to Azerbaijan’s economic development. He also praised the successful organisation of the meeting.

“We extend our sincere appreciation to the EBRD – a trusted partner – for its valuable contribution to Azerbaijan’s economic development and for the successful organization of the Annual Meeting,” he added.

According to Jabbarov, Azerbaijan has demonstrated global leadership by hosting COP29.

"An agreement was reached to triple climate finance for developing countries. Under this agreement, $300 billion will be allocated annually for climate finance to these countries until 2035."

Note that, the EBRD’s 2025 Annual Meeting and Business Forum is taking place from 13 to 15 May in London, United Kingdom.

Usually hosted within one of the EBRD’s regions of operation, the Annual Meeting returns to London for the first time in nearly ten years, featuring a comprehensive programme designed to encourage dialogue on both global and regional economic priorities.

In addition to the institutional sessions, the Business Forum presents exceptional networking opportunities, engaging discussions with industry experts, and valuable insights into emerging economic trends, innovation, and investment prospects.

By Aghakazim Guliyev