The World Bank Group mobilized approximately $100 million in private capital in Azerbaijan in the 2026 fiscal year, APA-Economics reports, citing the World Bank Group.
According to the information, the World Bank Group mobilized a record amount of private capital for developing countries in the 2026 fiscal year.
Thus, the volume of private capital mobilized by the organization globally increased 3.2 times over the past four years, rising from $35 billion in the 2022 fiscal year to $112 billion in the 2026 fiscal year.
It was noted 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 areas: increasing productivity and creating better-quality jobs, as well as strengthening economic resilience and sustainable development.
Within this framework, job creation, the development of small and medium-sized enterprises, and expanding access to sustainable financing have been identified as priority areas.
In addition, efforts will be supported to increase the trade and transit potential of the Middle Corridor, improve digital infrastructure, and introduce new technologies, including artificial intelligence.
The World Bank Group also identified mobilizing private capital in Azerbaijan, expanding renewable energy projects, and improving the efficiency of water resource use among its main areas of activity.
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