Impact of IFC„s work in Azerbaijan
The “One-Stop-Shop” facility established with
the help of IFC reduced the number of
registration days for a business from
30 to 8 days
IFC Investment Climate Advisory Services
Consulted 500 entrepreneurs on their legal
rights and obligations
Supported the Ministry of Emergency
Situation in training 170 fire inspectors
IFC consulted 582 companies and banks
on corporate governance
Local companies gained access
to over $40 million of financing by improving
their corporate governance systems and
practices with help from IFC
IFC helped 6 higher education institutions in
Azerbaijan introduce Corporate Governance
courses into their curriculum
With IFC‟s support, Azerbaijan‟s leasing sector
expanded from less than $1 million in 2003
to $200 million in 2010
IFC supported the establishment of the Leasing
Association, the Association of Risk Professionals
in Azerbaijan and the Association of
Independent Directors
Through IFC‟s investments in financial
intermediaries 150 000 micro, small and
medium size businesses gained access to finance
IFC‟s financial sector investments helped
25 000 female entrepreneurs gain or expand
access to finance
IFC helped establish the first residential property
appraisal system in Azerbaijan, which supports the
development of the local mortgage market
IFC helped Azerbaijan adopt Listing Rules aimed
at assisting local companies in raising external
financing through share and bond issuances