Financial Services Development Project

Abstract*

The Azerbaijan Financial Services Development Project aims to facilitate the implementation of the country's Poverty Reduction Strategy and economic reform programs related to regional development and development of the non-oil sector through improvements of the access of the rural population to financial services and improvements in the financial architecture. There are three project components. (1) A component for Azeri Post to build the financial... Show More

Development Objective

The objectives of the Project are to facilitate the implementation of the countr y?s Poverty Reduction Strategy and economic reform programs related to regional development and development of the non-oil sector through improvements of the ac cess of the rural population to financial services and improvements in the finan cial architecture.

Key Details

Project Details

Project ID
P081616
Status
Closed
Team Leader
Michael Edwards
Borrower 2
N/A

Country
Azerbaijan
Disclosure Date
January 15, 2004
Approval Date
(as of board presentation)
January 6, 2005
Effective Date
October 14, 2005

Total Project Cost 1
US$ 17.75 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2005

Commitment Amount
US$ 12.25 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2010

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Renewable Natural Resources Asset Management16%
- FY17 - Biodiversity8%
- FY17 - Landscape Management8%

FY17 - Finance

FY17 - Financial Infrastructure and Access20%
- FY17 - Credit Infrastructure13%
- FY17 - MSME Finance7%

FY17 - Private Sector Development

FY17 - Enterprise Development7%
- FY17 - MSME Development7%
FY17 - Jobs8%
- FY17 - Job Creation8%

FY17 - Urban and Rural Development

FY17 - Rural Development41%
- FY17 - Land Administration and Management8%
- FY17 - Rural Infrastructure and service delivery8%
- FY17 - Rural Markets25%
FY17 - Urban Development8%
- FY17 - Urban Infrastructure and Service Delivery8%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	12.25
Borrower/Recipient	5.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	12.25
IBRD + IDA Commitment	12.25

Lending Instrument
Grant Amount	N/A
Total Project Cost**	17.75

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 15, 2020	IDA-40300	Loan Repay	2,391.90
Nov 15, 2020	IDA-40300	Loan Repay	2,646.22
Nov 15, 2020	IDA-40300	Loan Repay	252,078.48
May 15, 2021	IDA-40300	Int Charges	1,055.24
May 15, 2021	IDA-40300	Int Charges	1,055.24
May 15, 2020	IDA-40300	Int Charges	191.96
May 15, 2020	IDA-40300	Int Charges	191.96
May 20, 2020	IDA-40300	Int Charges	578.11
May 20, 2020	IDA-40300	Int Charges	578.11
May 20, 2020	IDA-40300	Loan Repay	247,230.84
May 20, 2020	IDA-40300	Int Charges	20.23
May 20, 2020	IDA-40300	Int Charges	20.23
May 15, 2020	IDA-40300	Int Charges	0.01
May 15, 2020	IDA-40300	Int Charges	0.01
May 20, 2020	IDA-40300	Int Charges	4,442.80
May 20, 2020	IDA-40300	Int Charges	4,442.80
Nov 15, 2019	IDA-40300	Loan Repay	1,932.86
Nov 15, 2019	IDA-40300	Loan Repay	2,564.34
Nov 19, 2019	IDA-40300	Loan Repay	244,741.34
Nov 19, 2019	IDA-40300	Int Charges	5.05
Nov 19, 2019	IDA-40300	Int Charges	5.05
Nov 19, 2019	IDA-40300	Int Charges	5,025.16
Nov 19, 2019	IDA-40300	Int Charges	5,025.16
May 16, 2019	IDA-40300	Loan Repay	243,748.05
May 15, 2019	IDA-40300	Loan Repay	3,922.60
May 15, 2019	IDA-40300	Loan Repay	2,589.84
May 16, 2019	IDA-40300	Int Charges	6,569.29
May 16, 2019	IDA-40300	Int Charges	6,569.29
Nov 24, 2015	IDA-40300	Int Charges	13,088.86
Nov 15, 2015	IDA-40300	Int Charges	2,766.71
Nov 15, 2015	IDA-40300	Int Charges	2,766.71
May 20, 2015	IDA-40300	Loan Repay	243,894.62
May 20, 2015	IDA-40300	Int Charges	46.70
May 20, 2015	IDA-40300	Int Charges	46.70
May 20, 2015	IDA-40300	Int Charges	8,318.13
May 20, 2015	IDA-40300	Int Charges	8,318.13
May 15, 2015	IDA-40300	Loan Repay	7,345.35
May 15, 2015	IDA-40300	Loan Repay	2,664.87
May 15, 2014	IDA-40300	Loan Repay	2,901.72
May 15, 2014	IDA-40300	Int Charges	135.74
May 15, 2014	IDA-40300	Int Charges	135.74
Jun 2, 2014	IDA-40300	Loan Repay	276,029.40
Jun 2, 2014	IDA-40300	Int Charges	17,781.59
Jun 2, 2014	IDA-40300	Int Charges	17,781.59
Nov 18, 2013	IDA-40300	Int Charges	160.51
Nov 18, 2013	IDA-40300	Int Charges	160.51
Nov 15, 2013	IDA-40300	Int Charges	1,648.96
Nov 15, 2013	IDA-40300	Int Charges	1,648.96
Nov 22, 2013	IDA-40300	Int Charges	15,726.69
Nov 22, 2013	IDA-40300	Int Charges	15,726.69
Nov 24, 2014	IDA-40300	Int Charges	15,879.22
Nov 24, 2014	IDA-40300	Int Charges	15,879.22
Nov 24, 2014	IDA-40300	Loan Repay	259,700.12
Nov 24, 2014	IDA-40300	Int Charges	92.77
Nov 24, 2014	IDA-40300	Int Charges	92.77
Nov 15, 2014	IDA-40300	Loan Repay	2,036.84
Nov 15, 2014	IDA-40300	Loan Repay	2,925.65
Nov 15, 2018	IDA-40300	Loan Repay	242,903.50
Nov 15, 2018	IDA-40300	Int Charges	7,506.23
Nov 15, 2018	IDA-40300	Int Charges	7,506.23
Nov 15, 2018	IDA-40300	Loan Repay	4,693.27
Nov 15, 2018	IDA-40300	Loan Repay	2,611.20
May 15, 2018	IDA-40300	Int Charges	8,729.02
May 15, 2018	IDA-40300	Int Charges	8,729.02
May 15, 2018	IDA-40300	Loan Repay	78.31
May 15, 2018	IDA-40300	Loan Repay	2,718.57
May 15, 2018	IDA-40300	Loan Repay	2,736.47
May 15, 2018	IDA-40300	Loan Repay	253,104.40
May 15, 2018	IDA-40300	Int Charges	5.40
May 15, 2018	IDA-40300	Int Charges	5.40
Nov 16, 2017	IDA-40300	Int Charges	5,919.64
Nov 16, 2017	IDA-40300	Int Charges	5,919.64
Nov 16, 2017	IDA-40300	Loan Repay	255,202.45
Nov 16, 2017	IDA-40300	Int Charges	15.23
Nov 16, 2017	IDA-40300	Int Charges	15.23
Nov 16, 2017	IDA-40300	Int Charges	9,570.10
Nov 16, 2017	IDA-40300	Int Charges	9,570.10
May 15, 2017	IDA-40300	Loan Repay	8,645.63
May 15, 2017	IDA-40300	Loan Repay	2,586.20
May 18, 2017	IDA-40300	Int Charges	36.47
May 18, 2017	IDA-40300	Int Charges	36.47
May 18, 2017	IDA-40300	Int Charges	4,514.48
May 18, 2017	IDA-40300	Int Charges	4,514.48
May 18, 2017	IDA-40300	Loan Repay	238,734.77
Nov 15, 2016	IDA-40300	Int Charges	270.51
Nov 15, 2016	IDA-40300	Int Charges	270.51
Nov 15, 2016	IDA-40300	Int Charges	2,690.28
Nov 15, 2016	IDA-40300	Int Charges	2,690.28
May 15, 2016	IDA-40300	Loan Repay	6,567.88
May 15, 2016	IDA-40300	Loan Repay	2,960.53
Nov 22, 2016	IDA-40300	Loan Repay	245,423.55
Nov 22, 2016	IDA-40300	Int Charges	113.22
Nov 22, 2016	IDA-40300	Int Charges	113.22
Nov 22, 2016	IDA-40300	Int Charges	11,044.04
Nov 22, 2016	IDA-40300	Int Charges	11,044.04
Nov 22, 2016	IDA-40300	Int Charges	1,049.22
Nov 22, 2016	IDA-40300	Int Charges	1,049.22
Jun 8, 2016	IDA-40300	Int Charges	8,329.00
Jun 8, 2016	IDA-40300	Loan Repay	246,839.80
Jun 8, 2016	IDA-40300	Int Charges	48.07
Jun 8, 2016	IDA-40300	Int Charges	48.07
Jun 8, 2016	IDA-40300	Int Charges	8,329.00
Nov 24, 2015	IDA-40300	Int Charges	3,100.83
Nov 24, 2015	IDA-40300	Int Charges	3,100.83
Nov 24, 2015	IDA-40300	Loan Repay	249,311.56
Nov 24, 2015	IDA-40300	Int Charges	24.96
Nov 24, 2015	IDA-40300	Int Charges	24.96
Nov 24, 2015	IDA-40300	Int Charges	13,088.86
Jan 6, 2005	IDA-40300	Loan Commitment	12,250,000.00
Nov 15, 2023	IDA-40300	Int Charges	0.01
Nov 15, 2023	IDA-40300	Int Charges	0.01
May 15, 2023	IDA-40300	Int Charges	1.72
May 15, 2023	IDA-40300	Int Charges	1.72
Nov 15, 2022	IDA-40300	Int Charges	104.62
Nov 15, 2022	IDA-40300	Int Charges	104.62
May 15, 2022	IDA-40300	Loan Repay	2,547.97
May 15, 2022	IDA-40300	Loan Repay	3,871.68
Jun 7, 2022	IDA-40300	Loan Repay	237,038.53
Jun 7, 2022	IDA-40300	Int Charges	913.21
Jun 7, 2022	IDA-40300	Int Charges	913.21
Nov 15, 2021	IDA-40300	Loan Repay	812.27
Nov 15, 2021	IDA-40300	Loan Repay	253,607.88
Nov 15, 2021	IDA-40300	Int Charges	1,831.76
Nov 15, 2021	IDA-40300	Int Charges	1,831.76
Nov 15, 2021	IDA-40300	Int Charges	1,908.15
Nov 15, 2021	IDA-40300	Int Charges	1,908.15
May 15, 2021	IDA-40300	Int Charges	592.34
May 15, 2021	IDA-40300	Int Charges	592.34
May 15, 2021	IDA-40300	Loan Repay	258,932.36
May 15, 2021	IDA-40300	Loan Repay	1,603.23
Nov 15, 2020	IDA-40300	Int Charges	26.79
Nov 15, 2020	IDA-40300	Int Charges	26.79
Nov 15, 2020	IDA-40300	Int Charges	3,272.17
Nov 15, 2020	IDA-40300	Int Charges	3,272.17

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2010-06-30
Procurement	Moderately Satisfactory	2010-06-30
Project Management	Satisfactory	2010-06-30
Financial Management	Satisfactory	2010-06-30
Counterpart Funding	Satisfactory	2010-06-30
Monitoring and Evaluation	Satisfactory	2010-06-30
Overall Implementation Progress (IP)	Moderately Satisfactory	2010-06-30

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-30-2010
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-13-2011	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework