BAKU, Azerbaijan, October 16. In Azerbaijan,
the World Bank Group has mobilized around $100 million in private
capital in fiscal year 2026, the Bank said on Oct. 16.
“The World Bank Group's Country Partnership Framework for
Azerbaijan sets out a roadmap to support the country's transition
to a more competitive and inclusive economy. It is built around two
objectives: increased productivity and better jobs, and increased
resilience and sustainability. The framework aims to promote job
creation, small and medium enterprise development, and access to
sustainable finance. It supports the development of the Middle
Corridor for trade and transit, upgrades to digital infrastructure,
and the adoption of emerging technologies such as artificial
intelligence. It also seeks to mobilize private capital, scale up
renewable energy, and improve water-use efficiency,” the World Bank
said.
In general, the World Bank Group mobilized more private capital
in fiscal year 2026 than in any year in its history and issued a
record volume of guarantees, delivering on a goal shareholders and
clients have pressed for years: putting more private capital to
work alongside its own financing and expertise in developing
economies.
Private capital mobilized by the World Bank Group has more than
tripled over the past four years, rising from $35 billion in FY22
to $112 billion in FY26. Combined with the Group’s own financing,
that brought total financing and mobilization in developing
economies to well over $200 billion in FY26.
The growth was broad-based. PCM to lower-middle-income countries
rose from $14 billion in FY22 to $37 billion in FY26—nearly
tripling. In upper-middle-income countries, it increased from $12
billion to $50 billion—more than quadrupling. In low-income
countries, among the most challenging settings for private capital,
PCM was maintained at about $3 billion. And across Africa, PCM rose
from approximately $9 billion to $22 billion, an increase of nearly
150%.
