IFC presents glossary of insurance terms
Azerbaijan, Baku, July 8 / Trend N. Ismayilova /
The International Finance Corporation (IFC) has presented a glossary of insurance terms in Azerbaijan developed with the Finance Ministry and the Association of Insurers.
Glossary includes 100 insurance terms needed for mortgage borrowers.
As of June, the IFC invested $343 million in Azerbaijani economy and contributed to drawing $104 million in the form of syndicated loans.
The IFC is the largest global development institution focusing on the private sector in the countries with developing and transition economies.
The IFC creates opportunities to escape poverty and improve people's lives by providing financing to companies, helping to boost employment, mobilizing capital and providing consulting services for sustainable development.