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Azerbaijan joined IFC in 1995. As of December 2008, IFC committed nearly $289 million of its own funds and arranged nearly $104 million in syndications. IFC's investments in Azerbaijan were mainly in the oil and gas, financial, general manufacturing and agribusiness sectors. Advisory Services IFC’s advisory work in Azerbaijan has focused on creating opportunities in the non-oil sectors. One of the main priorities for advisory services is building a strong financial markets infrastructure to support private sector and SME growth. Other program highlights include a leasing development project, an SME linkages program, corporate governance projects, as well as planned programs aimed at developing the housing finance market and improving the business enabling environment. More on advisory projects in Azerbaijan. |
