The World Bank Group has mobilized approximately $100 million in private capital in Azerbaijan in fiscal year 2026.
elchi reports that this information was provided in a statement by the World Bank Group.
According to the statement, the World Bank Group mobilized a record amount of private capital for developing countries in fiscal year 2026.
Specifically, the volume of private capital mobilized by the institution globally increased 3.2 times, reaching $112 billion in fiscal year 2026 from $35 billion in fiscal year 2022.
It was stated that the World Bank Group’s Country Partnership Framework for Azerbaijan aims to support the country’s transition to a more competitive and inclusive economy.
The document covers two main directions: increasing productivity and better quality jobs, as well as strengthening economic resilience and sustainable development.
Within this framework, the creation of new jobs, the development of small and medium-sized enterprises, and expanding access to sustainable financing have been identified as priority areas.
In addition, the potential of the Middle Corridor for trade and transit will be enhanced, digital infrastructure will be improved, and the application of new technologies, including artificial intelligence, will be supported.
The World Bank Group has also highlighted the mobilization of private capital in Azerbaijan, the expansion of renewable energy projects, and the increase in the efficiency of water resource utilization among its main areas of activity.