Baku, Azerbaijan, December 24, 2014—IFC,
a member of the World Bank Group, and Azerbaijan’s National Confederation
of Entrepreneurs are working to raise awareness about the benefits of modern
food safety systems, encouraging food producers to improve food safety
standards to help meet export market requirements, increase sales, and
Today IFC and the Confederation of Entrepreneurs
hosted a round table on food safety issues in Baku, bringing together leading
food producers, consultants, and representatives of the government, retail
chains, and agribusiness associations. The event emphasizes the importance
of food safety standards to help agribusiness firms meet regional and export
market requirements and provide a foundation for agribusiness industry
to realize its full potential.
“Agriculture has great potential to drive
economic diversification beyond the energy sector,” said Mammad Musayev,
President of the National Confederation of Entrepreneurs (Employers) Organizations
of Azerbaijan Republic. “Improved food safety standards will help companies
strengthen their position on local and export markets and create opportunities
for growth in the sector.”
Aliya Azimova, IFC Country Representative
in Azerbaijan, said: “These types of events are very important in terms
of sharing the knowledge. I hope more companies will start introducing
international food safety standards, which will help local food businesses
become more competitive and ultimately benefit consumers.”
The event was part of IFC’s Agribusiness
Standards Advisory Program in Europe and Central Asia, supported with funds
from the Austrian Federal Ministry of Finance.
Azerbaijan became an IFC member in 1995.
Since then, IFC has invested more than $414 million in the country and
mobilized $73 million from other lenders. IFC has also implemented advisory
projects focused on private sector development.
IFC, a member of the World Bank Group, is
the largest global development institution focused exclusively on the private
sector. Working with private enterprises in about 100 countries, we use
our capital, expertise, and influence to help eliminate extreme poverty
and boost shared prosperity. In FY14, we provided more than $22 billion
in financing to improve lives in developing countries and tackle the most
urgent challenges of development. For more information, visit www.ifc.org.