Finance

Finance

Volume of Islamic Development Bank Group funding allocated to projects in Azerbaijan revealed

19 June 2026 15:48 (UTC +04:00)

Since Azerbaijan became a member of the Islamic Development Bank in 1992, within the framework of a cooperation spanning over 30 years, the Islamic Development Bank Group has provided financing in the amount of approximately 1.8 billion US dollars in our country, including key sectors of the economy - agriculture, energy, water resources, transport and financial services, Azerbaijan’s Minister of Economy, Mikayil Jabbarov, said at a press conference organized within the framework of the Islamic Development Bank Annual Meetings held in Baku, APA-Economics reports.

The minister noted that most of the financed projects have already been completed.

“Currently, 11 projects with a total value of $635.9 million are in the implementation phase,” he emphasized.

Azerbaijan Mikayil Jabbarov Islamic Development Bank IsDB Islamic Development Bank Group IsDB Annual Meetings Baku financing investment economic cooperation agriculture energy water resources transport financial services development projects infrastructure economy project financing international financial institutions Azerbaijan economy economic development investment projects cooperation funding development finance

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