IDB slashes investment in Azerbaijan

IDB slashes investment in Azerbaijan
# 19 April 2011 08:03 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The amount fixed investment by the Islamic Development Bank in Azerbaijan during January-March totaled AZN 1 306.6.

The State Statistical Committee said the IDB investments accounted for 0.3% of total foreign fixed investment in Azerbaijan during this period.

Azerbaijan joined the IDB in 1992. The IDB commitments to the country were over $450 million for some 30 projects. 15 credit agreements were signed within this period between the Bank and Azerbaijan. Fulfillment of 8 of them was finished. And other 5 are underway.
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