Early Warning System

Countries

Azerbaijan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 3, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Financial Institutions in Azerbaijan

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Finance
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 100.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Loan Amount (USD)

$ 100.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 100.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

PSD Translation (Azeri)

Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 29, 2025

Disclosed by Bank Oct 28, 2025

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, Green Economy Financing Facility - Azerbaijan is a USD 100 million (EUR 85.6 million) programme to support green financing of eligible Partner Financial Institutions (PFIs) in Azerbaijan over a five-year period. PFIs will utilize the Facility's proceeds to on-lend to eligible private sector sub-borrowers for investments in energy efficiency, renewable energy, resource efficiency, circular economy, and climate resilience.

The proposed Facility introduces a pilot Green Economy Financing Facility in Azerbaijan. Its primary objective is to drive the delivery of Green Economy Transition (GET) in Azerbaijan by supporting PFIs in financing green investments for eligible borrowers, including retail, MSMEs, and corporates. The Facility will provide both funding and technical expertise to financial intermediaries, enabling them to support green technologies and solutions while strengthening institutional capacity at the PFIs. Additionally, the Facility aims to address barriers to green lending and promote equal access to green finance for women and men. The Facility also seeks to build on Azerbaijan's growing green momentum, supported by active regulatory engagement and increased public awareness following the COP29 held in Baku, Azerbaijan, in November 2024.

The Facility will be supported by

1) a Technical Cooperation (TC) package of up to USD 3.0 million (EUR 2.8 million) for (i) overseeing the general management and operation of the Facility, (ii) origination, review and approval of sub- projects, and (iii) other activities including product design, marketing and training. The TC will be funded by various donors, including the Government of Azerbaijan, and SSF.

2) A Concessional Finance of up to USD 4 million (EUR 3.4 million) for Results Based Compensation payments to the PFIs. The Concessional Finance will be funded by various donors.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The EBRD categorized the project environmental and social risks as 'FI'.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, borrowers under the Facility will be Financial Institutions in Azerbaijan, including banks, micro- finance institutions, and leasing companies, with a strong commitment to scaling green financing. Eligible PFIs will include existing partner banks in Azerbaijan and potentially new partners to be selected in line with the Bank's standard approach. The final beneficiaries of the Facility are MSME and corporate businesses and households in Azerbaijan.

Additional information on specific borrowers is not provided at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

EBRD Team Leader:

Ziya Alili
Email: aliliz@ebrd.com
Website: www.ebrd.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html