Azerbaijan Entrepreneurship Development Fund discloses volume of soft

Azerbaijan Entrepreneurship Development Fund discloses volume of soft loans issued in 2021

11:40 28 January 2022 Read: 483

Azerbaijan Entrepreneurship Development Fund discloses volume of soft loans issued in 2021

The Azerbaijan Entrepreneurship Development Fund issued soft loans worth 287.7 million manat ($169.2 million) in 2021 for the implementation of 1,902 projects, Acting Head of Board of the Fund Osman Khaliyev said at a briefing on Friday, AzVision.az reports.

“In general, the mechanisms of supporting the activity of the Entrepreneurship Development Fund were implemented in three spheres in 2021,” Khaliyev added. “These are soft loans, state-guaranteed loans and subsidies to the existing loan portfolio for the spheres affected as a result of COVID-19 pandemic.”

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