Accra:The World Bank Group has successfully mobilized approximately $100 million in private capital for Azerbaijan in the 2026 fiscal year.

According to Azeri-Press news agency, this initiative is part of a broader effort by the World Bank Group to secure record amounts of private capital for developing countries, with a global increase from $35 billion in the 2022 fiscal year to $112 billion in the 2026 fiscal year.

The World Bank Group's Country Partnership Framework for Azerbaijan is designed to aid the nation's transition toward a more competitive and inclusive economy. This framework focuses on enhancing productivity and job quality while also bolstering economic resilience and sustainable development.

Key priorities include job creation, the development of small and medium-sized enterprises, and increased access to sustainable financing. The framework also supports initiatives to boost the Middle Corridor's trade and transit potential, improve digital infrastructure, and implement new technologies such as artificial intelligence.

Additionally, the World Bank Group emphasizes mobilizing private capital in Azerbaijan, promoting renewable energy projects, and enhancing water resource efficiency as critical areas of focus.