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IFC Investments in Azerbaijan (selected)


Year

Project
Project
Cost*
(million USD)
IFC
Financing*
(million USD)
Project
Description
2008Azel
6.0
2.7
To help Azerbaijan Electronics secure the necessary basic physical infrastructure for the Company to develop and grow
2008Credagro
10.0
4.0
To support Credagro's loan portfolio growth and increase the supply of credit to the currently underserved mostly rural areas of the country
2007Rabita SME Line
2.0
To support Rabitabank by providing long-term funding and thereby helping the Bank to expand its lending operations to MSMEs
2007ADA
50.0
18.0
To establish a grocery retail chain in Baku to offer a broad range of quality products at affordable prices
2006Unibank
5.0
Loan to UniBank to enable it to originate leases for its SME clientele.
2006AGB III
2.3
Loan to provide up to US$5 million loan for trade finance, on-lending to SMEs and leasing activities
2004ACG - BP Corp.
3,200.0
10.0
Loan to develop Central Azeri field
2003ACG
3,200.0
30.5
Loan to support the second stage of development of the Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea off Azerbaijan
2003Baku-Tiblisi-Ceyhan Pipeline
3,600.0
31.0
Baku-Tiblisi-Ceyhan Pipeline will transport up to 1 million barrels of oil a day, primarily from the Azeri Chirag Deepwater Gunashli fields.
1998/2003Rabita bank
2.1
1.60
Loan to Rabitabank to provide financing to small businesses while strengthening the linkages between firms operating in the oil and gas sector
1998/2003AzeriGazbank
2.1
1.60
Loan to AzeriGazbank to increase funding to small businesses and allow greater coordination between large oil and gas firms, the tourism industry, and the small market
2002/06MFB Azerbaijan
8.0
1.75
Equity investment in the Microfinance Bank Azerbaijan to provide credit and other financial services on commercial terms to small and medium enterprises
2000SEAF  Central Asia Small Enterprise Fund
20.0
2.5
SEAF Central Asia Enterprise Fund LLC will provide equity, quasi-equity, debt financing, and technical and managerial assistance to Central Asia

* Project cost and IFC financing refer to amounts approved by the IFC's Board.