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Islamic Development Bank slashes investment in Azerbaijan

Islamic Development Bank slashes investment in Azerbaijan

28 January 2010 13:57 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The Islamic Development Bankâ€™s fixed capital investments totaled AZN 3 470 100 in Azerbaijan last year, said the State Statistical Committee.

According to statistics, IDB investments plunged by 3.3-fold year-on-year. IDBâ€™s investment accounted for 0.2% of all fixed capital investments in Azerbaijan by foreign countries and international institutions.

The bank invested more than USD 500 million for 30 projects in Azerbaijan since its membership in 1992.

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