Includes how major projects are financed and gives examples where relevant. Explains activities of the multilateral development banks in and other aid-funded projects where procurement is open to U.S. bidders.

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.
 

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