Bank Of Baku

IDB decreases investment in Azerbaijan

IDB decreases investment in Azerbaijan
# 29 October 2012 08:41 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The amount fixed investment by the Islamic Development Bank in Azerbaijan during January-September, 2012 totaled AZN 1,761,100, down 12.5% from a year ago.

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

Azerbaijan joined the IDB in 1992. 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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