Due to Azerbaijan’s Oil Fund, IFC Catalyst Fund reached $280 million
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) ensured formation of IFC Catalyst Fund in the amount of $280 million.
The International Finance Corporation (IFC) reports that IFC Catalyst Fund focused on equity investments to support climate investments has already mobilized $280 million from the governments of Canada and the UK and the sovereign wealth fund of Azerbaijan. The IFC itself contributed $75 million to the fund.
In turn, SOFAZ announced that its investments in managed IFC Asset Management Company funds and co-financing of projects reached $150 million - $50 million was invested in 2013 in IFC Catalyst Fund and $100 million - in 2010 in the IFC African, Latin American, and Caribbean Fund.
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