Bank Of Baku

IDB’s new action program on Azerbaijan

IDB’s new action program on Azerbaijan
# 05 April 2010 14:17 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Islam Development Bank’s (IDB) action program on Azerbaijan for 3 years will be approved during next times, said the Azerbaijan Ministry of Economic and Development.

The bank’s mission was in Azerbaijan for preparing of program in 2009. The bank’s Coordination Council has already decided to finance the South electric Station project in Azerbaijan.

Besides, the Abu Dhabi Fund for Development, OPEC Fund, Kuwait Fund and Saudi Fund For Development will finance these projects.

The OPEC Fund will allowance 20 mln euros for financing of South Electric Station projects.
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