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Kamola Makhmudova is appointed EBRDs Head in Azerbaijan

Kamola Makhmudova is appointed EBRD's Head in Azerbaijan

 October 14, 2021

Kamola Makhmudova has been appointed as EBRD Head of Azerbaijan. She is responsible for the Bank’s investments and operations in the Caucasus country and is succeeding Ivana Duarte. 

An important institutional investor in Azerbaijan

The EBRD is an important institutional investor in Azerbaijan. To date, the Bank has invested €3.2 billion through 177 projects in the country. It focuses on developing the country’s non-oil sector, strengthening local banks and boosting investment in the green economy.

“I am delighted to lead the EBRD’s operations in Azerbaijan, a country full of potential to become a green transition champion in the Bank’s portfolio. The green transition is a huge challenge for every country and we can help Azerbaijan with its efforts. Our goal is to provide viable long-term finance, with the private sector the centre of our attention and activity," says Kamola.

A career with a global focus

A dual Uzbek and British national, Kamola previously served as Associate Director, Senior Banker in the EBRD’s award-winning Trade Facilitation Programme (TFP). Since 2009, Ms Makhmudova has had a global focus, leading the Bank’s expansion into the Middle East, North Africa and Cyprus.

She has played a key role in policy dialogue with the International Chamber of Commerce, the World Trade Organization and the International Monetary Fund on the development of trade finance, compliance and the digitalisation of correspondent banking.

Extensive public- and private-sector experience of banking

Kamola began her career at ABN AMRO Bank, then moved to Sumitomo Mitsui Banking Corporation, where she worked in Corporate Banking. Her extensive public- and private-sector experience of banking and infrastructure combines with an in-depth knowledge of complex policy work and major donor management.

Her work on the digitalisation of the TFP led to the development of the highly successful, internationally accredited EBRD Trade Finance e-Learning Programme. With more than 9,000 students, it is the world’s largest trade-finance training programme.

Join successful leaders like Kamola Makhmudova at EBRD

Kamola Makhmudova is one of many successful women leaders working for the EBRD, including CFO Soha El-Turky, Chief Economist Beata Javorcik, Chief Risk Officer Annemarie Straathof, Gender and Economic Inclusion Director Barbara Rambousek, and of course the Bank's President, Odile Renaud-Basso.

These women are forging a path for others to lead at the Bank - follow in their footsteps via a rewarding career at the EBRD.


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