IBA signs funding agreement
Azerbaijan, Baku, June 21 / Trend, S. Aliyev /
The International Bank of Azerbaijan (IBA) and the Islamic Corporation for Private Sector Development signed a funding agreement today in Baku.
The document was signed at the Fifth IDB Islamic Finance Global Forum on "Global Stability on the Route to Integration" in Baku, and envisages the Islamic Finance Corporation allocating $15 million to the IBA.
The funds are intended for small- and medium-sized business development.