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.
|
