TODAY.AZ / Business

IFC, BP, AMFB to finance service companies in Azerbaijan

16 March 2007 [08:48] - TODAY.AZ
The IFC, Azerbaijan Microfinance Bank and BP-Azerbaijan intend to sign an agreement to provide funding to service companies engaged in oil sector.

IFC Office in Baku told APA-Economics that the project costs $15m of which, $6m will be provided by the Corporation.

The other two project participants will also offer financial facilities. The finances will be collected in a revolving fund to extend loans to the service companies.

URL: http://www.today.az/news/business/38018.html

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