Economic development

BSTDB President Expresses Support for Azerbaijan's Public-Private Partnership Projects

Strategic Insights

May 20, 2025 — 1 min read

BSTDB President Dr. Serhat Koksal has expressed his bank's readiness to support Azerbaijan in future public-private partnership (PPP) projects. During an exclusive interview with Trend on the sidelines of the Islamic Development Bank Group (IsDB) meeting in Algiers, Koksal highlighted Azerbaijan's investments in becoming a transport hub in Eurasia and the establishment of the PPP unit under the Ministry of Economy in 2023. He emphasized the bank's expertise in PPP projects on agribusiness, logistics, and health sectors and expressed his willingness to expand their portfolio of financing projects with PPPs and state projects.

Key Takeaways:

BSTDB President Dr. Serhat Koksal expressed the bank's readiness to support Azerbaijan in future public-private partnership (PPP) projects.
Azerbaijan has invested heavily in becoming a transport hub in Eurasia, with the establishment of railways, roads, ports, and PPP units under the Ministry of Economy in 2023.
BSTDB has expertise in PPP projects on agribusiness, logistics, and health sectors and plans to expand their portfolio of financing projects with PPPs and state projects.
The bank's dual mandate includes economic development and regional cooperation among its member countries, making sectors or projects serving these goals a priority.
Azerbaijan, Türkiye, and Albania are common members and have a common mandate to support Sustainable Development Goals of member countries, providing a platform for knowledge sharing and collaboration.

Statistics:

150 million euros loan agreement with Standart Chartered under the guarantee of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
2023: Establishing PPP unit under the Ministry of Economy.
2023-2026: BSTDB's medium-term strategy and business plan.
2027: Starting individual country strategies for the bank.

Sources:

Trend News Agency, "BSTDB ready to support Azerbaijan in public-private partnership projects": Trend News Agency, 21 May 2025.
Islamic Development Bank Group (IsDB), Algiers meeting.

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