IFC plans new initiatives in Azerbaijan“/>
International Finance Corporation (IFC) wants to expand its activities in Azerbaijan.
As Day.Az reported on Tuesday, an IFC investment specialist said this Emil Mammadli during panel discussions at the international conference within Climate Action Weeks in Baku.
“IFC has been assisting Azerbaijan since its independence, supporting the implementation of key projects such as TANAP and regional connectivity initiatives. In addition, we have helped local small and medium-sized enterprises by providing them with loans of up to $50 million through banks. Especially in agribusiness, we have helped farmers access finance through joint advisory programs, including our collaboration with the government to introduce an agricultural insurance program,” he noted.
He also added that IFC is committed to expanding its activities in Azerbaijan, and the current event is an excellent platform for discussing these issues.
It should be noted that Climate Action Week runs from September 30 to October 4, 2024 and is being held in Baku for the first time.
The event will form the basis of the climate agenda ahead of COP29 in Baku in November.
Climate Action Week brings together key stakeholders from a range of sectors such as politics, finance, trade, investment, science, arts, culture, civil society and media.
The first half of the week (September 30 – October 2) is dedicated to climate solutions involving government agencies, academia and the private sector. In the second half (October 3-4), the emphasis will be on science, education, art, culture and other sectors.
As part of climate week, many events are organized in different parts of the city.