IFC

While supporting Azerbaijan’s sustainable and inclusive economic recovery, the International Finance Corporation (IFC) is confident that a new private sector led growth model can help the country diversify its economy and spur job creation by prioritizing the non-oil sectors, Ivana Fernandes Duarte, IFC’s Regional Manager for the South Caucasus stated.

A Memorandum of Understanding was signed between the Azerbaijani Ministry of Energy and the International Finance Corporation (IFC), a member of the World Bank Group, on cooperation in the use of offshore wind energy for the development of renewable energy sources in Azerbaijan, Trend reports citing the ministry.

The call of Azerbaijan on the establishment of a green energy zone in the country’s liberated territories covering the Karabakh region was positively appreciated by international structures, reports the Ministry of Energy.

Opportunities for cooperating with international financial institutions for the creation of such zone were discussed at the coordination meeting held online by the ministry, and the international structures voiced their interest in the relevant cooperation.

Uzbekistan will use Eurobonds as a tool for positioning and valuing the country on the international market, said the head of the International Finance Corporation's representative agncy in Tashkent, Zafar Khashimov, at the presentation of the report on the diagnosis of the private sector in Uzbekistan on February 18, 2019.