Islamic Development Bank Interested In Projects Underway In Azerbaijan's Shusha
Date
2/27/2023 7:28:39 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 27. The
Islamic Development bank is interested in the projects underway in
Azerbaijan's Shusha, trend reports via Azerbaijan's Ministry of
Economy.
According to the ministry, this was stated during the
visit of the Chairman of the Bank H.E. Dr. Muhammad Al Jasser to
Shusha.
During the visit, the Special Representative of the
President of Azerbaijan in Shusha, Aydin Kerimov, informed the
guests about the current work underway in Shusha.
In addition, the representatives of the Ministry of
Economy made a presentation on the economic potential of the
liberated territories, the infrastructure projects underway, and
the benefits applied to entrepreneurs.
In turn, Chairman of the Bank H.E. Dr. Muhammad Al
Jasser noted the importance of the projects implemented jointly
with Azerbaijan in terms of the country's economic development
(including infrastructure) and stressed the great potential for
expanding cooperation.
H.E. Dr. Muhammad Al Jasser highly appreciated the
work done and the Bank's interest in the projects underway in
Shusha. Furthermore, he also stressed the possibility of
cooperation in the field of investments.
During the visit to Shusha, the delegation of the
Islamic Development Bank Group got acquainted with the city square
of Shusha, the Khan gizi spring, the walls of the Shusha Castle,
and visited the Yukhari Govhar Agha Mosque and Jidir Duzu.
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
$1.2 billion for Azerbaijan. This includes $956 million in
financing by IsDB, $120.2 million approved by ICD, $83.4 million in
trade operations by ITFC, and $19.4 million by other IsDB Group
funds and operations. In addition, ICIEC has provided $92.5 million
as business insured and $75.5 million as new insurance
commitments
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