...

International Finance Corporation reveals volume of investments in Azerbaijan (Exclusive)

Business Materials 15 April 2022 13:14 (UTC +04:00)
International Finance Corporation reveals volume of investments in Azerbaijan (Exclusive)
Laman Zeynalova
Laman Zeynalova
Read more

BAKU, Azerbaijan, April 15. Since 1995, the International Finance Corporation (IFC) has invested around $500 million in Azerbaijan, including $73 million through mobilization, Ivana Fernandes Duarte, IFC’s Regional Manager for the South Caucasus said in an exclusive interview with Trend.

She noted that these funds have financed projects across sectors, including financial services, infrastructure, and manufacturing.

In addition, as Duarte said, IFC supported around $100 million in trade through its trade-finance program and provided $250 million for the Baku-Tbilisi-Ceyhan pipeline.

“The State Oil Fund of the Republic of Azerbaijan (SOFAZ), the nation’s sovereign wealth fund, has also committed $350 million to three funds managed by the IFC Asset Management Company,” added the regional manager.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest