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