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.
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