Bank Of Baku

President Ilham Aliyev approves Memorandum of Understanding with the Islamic Development Bank

Ilham Aliyev, President of the Republic of Azerbaijan

© APA | Ilham Aliyev, President of the Republic of Azerbaijan

# 14 October 2025 16:13 (UTC +04:00)

The “Memorandum of Understanding between the Government of the Republic of Azerbaijan, represented by the Ministry of Economy of the Republic of Azerbaijan, and the Islamic Development Bank Group regarding the guarantees provided by the Government of the Republic of Azerbaijan (the host country) for the 2026 Annual Meetings of the IsDB Group” has been approved, APA reports.

President Ilham Aliyev has signed the corresponding law.

The Memorandum of Understanding was signed on May 22, 2025, in the city of Algiers.

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THE OPERATION IS BEING PERFORMED