BAKU, Azerbaijan, November 4. Eurasia Group has
secured financing of up to $33 million from the International
Finance Corporation (IFC), a member of the World Bank Group, to
expand the distribution of modern agricultural machinery, develop
agricultural machinery service centers, and provide training
programs for farmers in Kazakhstan and Kyrgyzstan, according to
IFC.


The financing package will support the company's plans to build
four modern, energy-efficient agricultural machinery service
centers: three in Kazakhstan, in Astana, Pavlodar, and
Petropavlovsk, and one in Bishkek. The latter will become the first
specialized John Deere service center in Kyrgyzstan.


The initial IFC financing amounts to $18 million, including $15
million for Kazakhstan and $3 million for Kyrgyzstan. An additional
$15 million may be provided to finance the group's further
expansion in Kazakhstan. The financing will be provided in euros
and local currencies, allowing the company to minimize foreign
exchange risks.


The investment is expected to support around 1,600 direct and
indirect jobs and increase productivity through training and the
introduction of new technologies. The company is also working to
improve workplace safety and expand career opportunities for women,
who currently account for approximately 26% of its workforce.


"Expanding our presence in Kazakhstan and opening the first
specialized service center in Kyrgyzstan is an important milestone
for both our company and the farmers we work with. With IFC's
support, we will bring reliable machinery and servicing closer to
farmers while continuing to invest in their skills, knowledge
transfer, and digital tools to help their businesses grow," said
Mustafa Sahin, President and Chief Executive Officer of Eurasia
Group AG.


In turn, Wagner Albuquerque de Almeida, IFC Regional Director
for Manufacturing, Agribusiness and Services in the Middle East and
Central Asia, noted that modern agricultural machinery service
centers can help farmers in Central Asia increase productivity,
improve rural livelihoods, and adapt to climate change.







"This partnership will expand farmers' access to advanced
technologies, training, and services, helping increase yields and
create jobs," he said.


In addition to expanding access to equipment, the project
includes climate and training initiatives. All four new service
centers will undergo certification under IFC's EDGE (Excellence in
Design for Greater Efficiencies) green building standard. This is
expected to reduce the facilities' energy consumption by 20% and
prevent approximately 1,674 metric tonnes of greenhouse gas
emissions annually.


Eurasia Group AG is a Switzerland-based holding company whose
subsidiaries distribute and service premium agricultural machinery
brands in Kazakhstan and Kyrgyzstan.


IFC is a member of the World Bank Group and focuses on
supporting private sector development in emerging markets. It
operates in more than 100 countries, using its capital, expertise,
and influence to create markets and opportunities in developing
countries. In fiscal year 2026, IFC provided a record $105 billion
in financing to private companies and financial institutions in
developing countries.