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IFC to continue supporting bill elaboration in Azerbaijan

Business Materials 16 February 2012 18:31 (UTC +04:00)

Azerbaijan, Baku, Feb 16/ Trend N.Ismaylova

International Finance Corporation (IFC) aims to work with the Central Bank of Azerbaijan to elaborate a number of bills in 2012, the IFC representative in Azerbaijan Aliya Azimova told press on Thursday.

"We will continue working with the Central Bank to prepare bills on secured bonds, pawn property and activity of the private credit bureau", she said.

IFC also considers the possibility of granting credit line to the financial sector, mainly to trade financing, she added.

"Our investment activity in the real sector will depend on the transparency of companies. The auditing and transparency of financial accountability are important for us", Azimova said.

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