DFC: US ​​ready to provide financial instruments to support exports, investments in Azerbaijan

With the establishment of peace between Azerbaijan and Armenia, conditions will emerge for rapid stimulation of investment, Executive Director of the US Development Finance Corporation (DFC) Kenneth Angell said at a briefing following the visit of the delegation of American businessmen to Azerbaijan, Report informs.

He emphasized that an important stage took place on August 8 – the signing of an agreement on the first steps leading to the conclusion of a peace treaty between Armenia and Azerbaijan: "This event was especially noted by US President Donald Trump. I consider this extremely important, because the establishment of peace will lead to economic development, and this in turn will lead to increased prosperity."

He added that the US government is striving to set an example: if peace is ensured, it will be possible to immediately begin stimulating investment.

"The DFC, one of the financial instruments of the US government, serves this very purpose. The US government has three main financial instruments. One of them is the Ex-Im Bank, which is better known in Azerbaijan for financing the export of large equipment, such as locomotives and aircraft. The other organization is the US Trade and Development Agency, which mainly deals with feasibility studies of projects and also provides grants," he noted.

In his opinion, the third area is investment, and this is where the DFC comes to the fore.

"The DFC provides debt and equity support for projects that are considered a priority for the US. Among the main priority sectors in which we work are critical minerals, critical infrastructure, agriculture and healthcare. In this particular mission, the focus is mainly on ports, transportation and logistics. So the US government is open to providing financial instruments in the areas of exports, feasibility studies and investments in Azerbaijan," he said.