Azerbaijan, IFC discuss joint co-op in public-private partnership sector

By Azernews

By Ayya Lmahamad

Azerbaijan and the International Finance Corporation (IFC) have discussed joint cooperation in the public-private partnership sector, Azernews reports.

The discussion took place during a meeting between Azerbaijan's Small and Medium Business Development Agency Board Chairman Orkhan Mammadov and International Finance Corporation in Azerbaijan representative Aliya Azimova and IFC's expert on public-private partnership Philip Drapak.

During the meeting, the parties also exchanged views on the opportunities for financing projects in the mentioned sector with the participation of SMBs.

Azerbaijan became a member of the IFC in 1995. Since then, IFC has implemented a range of advisory projects aimed at encouraging private sector growth and provided $250 million for the Baku-Tbilisi-Ceyhan pipeline.