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IsDB allocates $436.7 mln for agriculture and water management in Azerbaijan

24 February 2026 10:03 (UTC +04:00)

Financing worth $436.67 million has been approved for Azerbaijan at the 364th meeting of the Board of Executive Directors of the Islamic Development Bank, APA-Economics reports, citing the bank.

The funds are intended to increase agricultural productivity and significantly reduce water losses in irrigation systems. The project will contribute to sustainable rural development and will be implemented in line with Azerbaijan’s development priorities through 2030.

According to the bank’s statement, the initiative will promote green growth, strengthen resilience to climate change, and support long-term food security.

It should be noted that the decision was adopted at the IsDB meeting held in Jeddah and forms part of the bank’s strategy to support sustainable and inclusive economic growth in its member countries.

Rahim Tariverdiyev

Islamic Development Bank IsDB Azerbaijan agricultural development irrigation systems water management green growth climate resilience food security sustainable development Jeddah meeting economic financing