By Ayya Lmahamad
A resolution on Azerbaijan's membership of the Islamic
Corporation for the Insurance of Investment and Export Credit
(ICIEC) has been adopted at the 47th meeting of the IsDB
Board of Executive Directors in Sharm El Sheikh, Egypt, Azernews
reports, citing the Economy Ministry.
The 47th annual meeting of the IsDB Board of
Executive Directors was held in Sharm El Sheikh on June 1-4. The
Azerbaijani delegation was headed by First Deputy Economy Minister
Elnur Aliyev. The annual meeting discussed topical issues such as
building green and sustainable infrastructure, revitalizing
national economics for sustainable development, and supporting
Within the meeting, the Azerbaijani delegation held a number of
meetings, including with IsDB Vice President Mansur Muhtar. The
parties exchanged views on cooperation in the reconstruction of
Azerbaijan's liberated lands, support for SMBs, financing banks,
energy and food security.
Elnur Aliyev expressed gratitude to IsDB for supporting
Azerbaijan and highly appreciated the cooperation with the
Moreover, during the meeting with Director-General of the
International Development Fund of the Organization of the Petroleum
Exporting Countries Abdulhamid Alkhalifa, information on the
national priorities for socio-economic development of Azerbaijan
until 2030 was presented. Aliyev noted that Azerbaijan is
interested in cooperation with international financial institutions
within the set objectives, and stressed the need to expand ties in
the development of priority areas.
The meeting was also held with International Islamic Trade
Finance Corporation Head Hani Salem Sonbol. The sides discussed the
cooperation with the corporation in the development of the
country's liberated lands, as well as the corporation's role in
enhancing the export potential of Azerbaijan, and agreed on further
joint steps in this direction.
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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