WASHINGTON, U.S., March 10. U.S. International
Development Finance Corporation (DFC) is working closely with U.S.
State Department to advance Middle Corridor’s development, said
Kenneth Angell, Managing Director of the U.S. International
Development Finance Corporation (DFC) during the U.S.-Azerbaijan
Trade and Business Conference in Washington D.C., held to mark the
30th anniversary of the U.S.-Azerbaijan Chamber of Commerce
(USACC), Trend’s
special correspondent reports.
Angell emphasized Azerbaijan’s unique geographic position as the
only country bordering both Iran and Russia, noting its importance
for advancing shared goals in the Middle Corridor, also known as
the Trans-Caspian Corridor. “This corridor will further connect
Central Asia to European and U.S. markets, which is a key interest
of this administration,” he said. He added that DFC is working
closely with the U.S. State Department to advance the corridor’s
development.
He also stressed the broader economic benefits of regional
cooperation. Referring to agreements signed on August 8, Angell
noted that “peace saves lives and unlocks prosperity,” highlighting
the role of economic cooperation in strengthening regional
stability. “This is where DFC, Exim Bank, and USTDA come in,” he
said.
Angell underscored that DFC is “open for business” and ready to
engage in new projects in Azerbaijan. “Strategic partnerships are
wonderful concepts on paper, but what we want to see are concrete
projects. We are excited about the broad range of opportunities in
the Azerbaijan market, and I am grateful to the stakeholders at
this event who have opened a dialogue with us about potential
investments and collaboration,” he said.
