Partner Financial Institutions

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Welcome to AZAFF


Azerbaijan Agricultural Finance Facility (AZAFF) is an initiative of the European Bank for Reconstruction and Development (EBRD) with technical assistance funds provided by the European Union Neighbourhood Investment Facility. The EU and the EBRD have been involved in several programmes aimed at supporting rural and regional development in Azerbaijan over the past few years, targeting specifically the development of the agricultural sector in the country. Since September 2015, the EBRD, with the support of the EU, is implementing AZAFF, a financing facility up to USD 40 million to encourage local financial institutions to increase lending to farmers and other entities in the agricultural sector. AZAFF combines EBRD’s traditional approach to channel financing to ultimate beneficiaries through banks with the provision of non-financial assistance in order to increase the direct impact of financing and foster overall economic development of the agriculture sector in Azerbaijan. The programme comprises the following components:

Dedicated credit lines of up to USD 40 million to PFIs for on-lending to enterprises and individuals involved in agricultural and agriculture-related activities in Azerbaijan;
First loss risk cover (“FLRC”) of up to 10% of the loan portfolio under the Facility with a cap of 75% for any single sub-loan. The FLRC is expected to encourage PFIs to offer financial products to agribusinesses and hence increase the overall lending to the agricultural sector;

Technical Assistance to:

o Partner Financial Institutions for development of agricultural lending skills and procedures, strategies, optimisation of existing and development of new products, introduction of innovative financing schemes and delivery channels, staff training, etc.
o Agricultural producers and farmers to enhance the capacity of the farmers and agribusinesses by conducting financial literacy trainings, workshops to introduce advanced farming techniques and international best practices in selected sub-sectors in regions, and delivering specific technical assistance to selected eligible recipients of agricultural loans above AZN 300,000.

The technical assistance services within the programme are being implemented by Frankfurt School of Finance & Management.

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Our Partners


The technical assistance funds of the project are provided by the EU Neighborhood Investment Facility.


This project is financed by the European Bank of Reconstruction and Development (EBRD).


The technical assistance services within the project are provided by Frankfurt School of Finance and Management.