Azerbaijan to sign agreements worth $200m with Islamic Development Bank

 
Azerbaijan is preparing a set of agreements to be signed at the 35th annual meeting of the governors of the Board of the Islamic Development Bank.

The agreements on two projects are estimated to be worth $200 million, according to a government source.

“We are also working on a project with the Saudi Development Fund, which may be signed during the annual IDB meeting as well,” the source said.

The annual meeting of the Islamic Development Bank will take place on 23-24 June 2010 in the Gulustan Palace in Baku.
A specialist mission of the bank is to visit Baku this week to work on preparations for the meeting.

The chairmanship of the IDB Board of Governors will be held by Azerbaijan for the first time in 2010.
Since Azerbaijan entered the IDB Group in 1992, the bank has given the country financial support of $280 million.

source : AZ news

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