Azerbaijan repays $47 mln of debt to IDB

Azerbaijan repays $47 mln of debt to IDB
# 07 March 2013 15:03 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. Azerbaijan and Islamic Development Bank have signed 18 loan agreements on 16 projects in amount of $935.3 mln, said the Report of the Cabinet of Ministers on outcomes of 2012.

According to report, 11 of these projects were implemented, 5 – are underway.

As of January 1, 2013, $566.9 mln from IDB’s allowances were used. In 2012, $65.9 mln was used. AZN 47 mln on used loans was repaid to the bank.

Note that Azerbaijan has been member of IDB since 1992.

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