BAKU, Azerbaijan, October 13. International Finance Corporation (IFC) looks forward to support Azerbaijan in renewable energy deployment, Ivana Fernandes Duarte, IFC’s Regional Manager in the South Caucasus told Trend.
“We look forward to supporting the country in its journey toward renewable energy deployment that can create new economic opportunities, by providing both advisory services and financing to support private sector investment in this sector,” she said.
According to IFC’s regional manager, the world is changing with oil and gas reserves depleting and significant price fluctuations.
“Major changes in the geopolitics and energy systems throughout the region are impacting the economy. A hydrocarbon-rich Azerbaijan is now at a crossroads. A fast-track journey to decarbonization is crucial to remain competitive in the global economy, ensuring a prosperous future for generations of Azerbaijanis,” Fernandes Duarte noted.
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