Over the past decade, Azerbaijan has made remarkable progress in reducing poverty and boosting shared prosperity. Poverty has fallen from nearly half the population in the early 2000s to about five percent in 2013.
Our priorities in EMENA are to reach more of the region's poor and vulnerable, create jobs, increase access to infrastructure, expand access to finance, support agricultural development, and tackle climate change.
We committed $6.9 billion to 179 projects in fiscal year 2014, representing nearly a third of IFC’s worldwide commitments
We delivered important advisory services in several areas, including microfinance, financial infrastructure, corporate governance, investment climate, food safety, and energy and resource efficiency.
IFC in Europe and Central Asia
In fiscal year 2014 (July 1, 2013 - June 30, 2014), IFC commitments totaled $4.7 billion in 117 projects, including $1.2 billion in funds mobilized from our partners.
In fiscal year 2014 (July 1, 2013 - June 30, 2014), IFC committed $2.2 billion, including $509 million mobilized from other investors, and an advisory program worth a total of $105 million spread over 96 projects.