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IDB governors to meet in Sudan

Business Materials 12 January 2012 14:49 (UTC +04:00)

Azerbaijan, Baku, Jan.12 / Trend, N. Ismayilova /

The 37th annual meeting of the Board of Governors of the Islamic Development Bank will be held in Khartoum from March 31 to April 4, the bank said on Thursday.

Khartoum will also host the 19th annual meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), 7th General Assembly of the Islamic Corporation for the Development of Private Sector (ICD), 7th General Assembly of the International Islamic Trade Finance Corporation (ITFC ) and 5th Annual Meeting of the Board of Governors of the Islamic Solidarity Fund for Development (ISFD).

Azerbaijan has been a member of the Islamic Development Bank since 1992. The IDB portfolio on Azerbaijan reached $700 million, allocated to carry out projects in various sectors of the economy. The ICD and ITFC portfolio in Azerbaijan reach a total of $200 million.

Azerbaijani Economic Development Minister Shahin Mustafayev is governor from Azerbaijan in the bank.

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