The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Azerbaijan, guiding its investment and policy initiatives over the next five years, “Caspian Energy Media” reports, citing the EBRD.

The EBRD's two key priorities for Azerbaijan are: (i) fostering greater economic diversification through a stronger, more competitive, and inclusive private sector and improved governance; and (ii) accelerating the transition to a green economy and improving regional connectivity.