Agricultural Insurance to Be Moved from "Dead Spot"

Azerbaijan Insurers Association (AIA) is hoping to break the "deadlock" of agricultural insurance. However, it expects the support of international organizations.

Reporters were told by the head of the organization Orkhan Bayramov that the concept of technical assistance for the training of experts to assess the insurance risk in this area is ready. Support to local experts will come from the International Finance Corporation (IFC), which could attract foreign experts for training. A business meeting was held on the matter and it decided to sign an agreement on technical assistance soon. The work could begin as early as September.

Azerbaijan has been a member of the International Finance Corporation since 1995. During this time IFC allocated $ 414 million to fund 73 local projects. --17D-

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