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Azerbaijani Parliament will approve MoU with IsDB

03 September 2025 15:31 (UTC +04:00)

The Memorandum of Understanding on guarantees by the Government of the Republic of Azerbaijan (host country) for the Islamic Development Bank Group’s Annual Meetings in 2026, between the Government of the Republic of Azerbaijan, represented by the Ministry of Economy, and the Islamic Development Bank Group, will be approved, APA reports.

This issue has been included in the agenda of the September 10 meeting of the Milli Majlis Committee on Foreign and Interparliamentary Relations.

Recall that the Islamic Development Bank (IsDB) Group’s Annual Meetings in 2026 will be held in Azerbaijan. Additionally, Minister of Economy Mikayil Jabbarov has been appointed as the Chairman of the IsDB Group’s Board of Governors.

Next year, as part of the Annual Meetings in Azerbaijan, the 51st annual meeting of the IsDB Board of Governors, the 22nd annual meeting General Assembly of the International Islamic Trade Finance Corporation, the 33rd annual meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit, the 26th annual meeting of the Board of Governors of the Islamic Corporation for the Development of the Private Sector, and the 19th Annual Meeting of the Islamic Solidarity Fund for Development will be held.

At the event, a Memorandum of Understanding on guarantees for the IsDB Group’s Annual Meetings to be held in Azerbaijan was signed. The document defines the framework of cooperation for the effective planning and organization of the Annual Meeting to be held in Baku in 2026.