Islamic Development Bank President Visiting Azerbaijan
Date
2/24/2023 3:10:45 AM
(MENAFN- AzerNews)
Qabil Ashirov read more President of the Islamic Development Bank (IsDB) Dr. Muhammad Al
Jasser will be on an official visit to Azerbaijan from February 25
to March 3, Azernews reports, citing IsDB.
According to the bank, the intent of the visit is to maximize
cooperation between the IsDB Group and Azerbaijan, expand potential
areas of collaboration, and spur actions that will enhance
socio-economic development in the country.
“The visit will entail bilateral meetings at the highest level,
including an audience with Azerbaijani President Ilham Aliyev, and
discussions with cabinet ministers. In addition, the IsDB President
will meet with the heads of major companies in Azerbaijan to deepen
partnerships,” the bank noted.
Bank added, Dr. Al Jasser also plans to visit some projects
funded by IsDB in Azerbaijan. Besides that, he will tour some
historical sites in the capital Baku.
IsDB Group enjoys a strong relationship with Azerbaijan and is
committed to fostering its socio-economic development. The IsDB
Group has approved a total financing of about US$1.2bn for
Azerbaijan. This includes US$956m in financing by IsDB, US$120.2m
approved by ICD, US$83.4m in trade operations by ITFC, and US$19.4m
by other IsDB Group funds and operations. In addition, ICIEC has
provided US$92.5m as business insured and US$75.5m as new insurance
commitments, the bank says.
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