Azerbaijan - Project FinancingAzerbaijan - Project Financing
Access to capital is a key challenge to Azerbaijan’s economic development. Domestic sources of project financing are limited. External sources of finance include the U.S. Export-Import Bank, the Overseas Private Investment Corporation, the Asian Development Bank, and the European Bank for Reconstruction and Development, among others. Venture capital is virtually non-existent. State procurement is typically financed from the national budget or through international financial institutions, though the government has focused on decreasing its debt-to-GDP ratio and limited borrowing.