PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

521943

Primary Business Area

Corporate Advice

Disclosure Date

Oct 27, 2009

Country

Azerbaijan

Region

Europe

IFC Approval Date

Jun 14, 2005

Status

Completed

Estimated Total Budget

$4,957,081.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Sep 9, 2003

Project Description

The project helps joint stock companies and banks in Azerbaijan improve corporate governance. The objective is for banks and companies in the manufacturing and services sectors to develop better and more sustainable corporate governance practices, increasing their effectiveness and ability to attract financing and investment. The expectation is that the project also will reinforce the work undertaken with other joint stock companies, since banks likely will increase their lending to companies that can demonstrate improved corporate governance.