BAKU, Azerbaijan, July 16. The International Finance Corporation (IFC) can support Azerbaijan in developing a comprehensive strategy to bolster water sector’s sustainability, Ines Rocha, IFC’s Regional Director for Europe said in an exclusive interview with Trend.
“Azerbaijan’s water resource scarcity is projected to increase. Between 50 and 70 percent of its runoff enters the country from neighboring states, which are also facing increasing water demand and projected water resource decreases. This high dependence on transboundary water sources, combined with declining water availability and increasing droughts, salinization, and water pollution, poses a significant water security risk. IFC can support Azerbaijan in developing a comprehensive strategy to bolster the sector’s sustainability,” she said.
Rocha noted that another area the IFC is working on is supporting women, particularly regarding climate.
“Women and their communities can be the greatest accelerators for achieving global climate goals. Decarbonization and climate adaptation will not be possible without their active participation as leaders, employees, entrepreneurs, and stakeholders in climate dialogue, policymaking, and finance. Pursuing gender-inclusive climate investment is also critical because women are both disproportionately impacted by climate change and less likely to gain from new climate-related opportunities. We are exploring avenues to support Azerbaijan in this direction,” added IFC’s regional director.
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