Azerbaijan, May 1 -- The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to US$ 10 million (€8.8 million) to Unibank in Azerbaijan in local currency. The proceeds will be lent on to local micro, small and medium-sized enterprises (MSMEs).This transaction seeks to boost the competitiveness of Azerbaijani businesses by partnering with a robust financial intermediary. The EBRD's agreement with Unibank will enable it to play a wider role in the development of Azerbaijan's private financial sector.The EBRD will also help Unibank to develop strategies, products and monitoring processes aimed at improving the efficiency of MSME lending. These measures will include the development of an environmental and soci...