Azerbaijan, Baku, August 4 / Trend , N. Ismaylova /
Within the program of technical assistance to introduce modern corporate governance standards in Azerbaijan (ACGP), in autumn the International Finance Corporation (IFC) will present anti-crisis program for Azerbaijani banks and entrepreneurs, the IFC project manager Caroline Bright said on August 4.
"Anti-crisis program, which is currently being developed by the Corporation, is aimed at two spheres - banks and small and medium enterprises", - said Bright.
She said that the program for banks primarily envisages assistance and training in the management of problem loans, and the second program will cover different spheres, including the possibility of improving cash flow and liquidity and risk management trainings.
Today the IFC portfolio of investment in the economy of Azerbaijan is $131 million. Totally 30 projects worth over $300 million were implemented in the country. Since 2005, ACGP covered over 400 companies, the Corporation has contributed project participating companies to attract investments amounting to more than $17 million.
Do you have feedback? Contact our journalist at: [email protected]