Bank Of Baku

IDB decreases investments in Azerbaijan

IDB decreases investments in Azerbaijan
# 31 August 2012 14:11 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The amount fixed investment by the Islamic Development Bank in Azerbaijan during January-June totalled AZN 1,041.4, down 40% from a year ago.

The State Statistical Committee said the IDB investments had a little share (0.1%) in total foreign fixed investment in Azerbaijan during this period.

Azerbaijan joined the IDB in 1992. At present time, the volume of IDB’s portfolio upon Azerbaijan is equal to $ 1.2 bln.
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