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Europe, Middle East & North Africa

Turan Bank was chosen as a pilot in the IFC Azerbaijan Corporate Governance Advisory Services Project implemented in partnership with SECO to provide in-depth advice to help align their corporate governance systems with best international practices.
Azerbaijan’s Turan Bank is a relatively small bank, but has ambitious growth plans, particularly for the underserved areas of the country. Launched in 2005, the bank’s vision is...
In November 2009 the Baku Stock Exchange launched new rules designed to develop a corporate securities market in...
The Investment Climate Advisory Services of the World Bank Group is assisting the government of Azerbaijan in tackling inspections reform through...

Contact Information

60A, Nizami Street, Landmark III, 3th floor,
Baku AZ-1010, Azerbaijan
Tel: +994 12 4977698
Fax: +994 12 4970891

Contact Representative:
Rasmina Gurbatova


  • All Publications in Europe and Central Asia

IFC in Azerbaijan


Azerbaijan became a member of IFC in 1995. Since then IFC has invested more than $412 million in 73 projects in the financial services, infrastructure, and manufacturing sectors, and mobilized nearly $73 million from other lenders. IFC has also implemented advisory projects focused on developing the private sector.


The State Oil Fund of the Republic of Azerbaijan (SOFAZ), Azerbaijan’s sovereign wealth fund, has committed $350 million to three funds managed by the IFC Asset Management Company: the IFC Global Infrastructure Fund, which invests alongside IFC in infrastructure projects in emerging markets; the IFC Catalyst Fund, which invests in funds and projects focused on low-carbon power generation, energy and water efficiency and the resource efficiency sector; and the IFC African, Latin American, and Caribbean Fund, which invests alongside IFC in equity and equity like projects in Africa, Latin America, and the Caribbean.

IFC Strategy in Azerbaijan


IFC supports sustainable growth and the diversification of Azerbaijan’s economy through investment and advisory support to the non-oil sectors, with a focus on agribusiness and infrastructure. To address barriers to private sector investment in these and other areas, IFC implements advisory programs to increase resource efficiency, improve the business climate, and strengthen financial markets.




IFC Investment


Details of projects currently in progress can be found in IFC Disclosure and using Project Mapping. For completed projects see press releases below or visit the media center.

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