The economic development minister of Azerbaijan Heydar Babayev was empowered to sign the grant agreement on delivery of the grant totaling $274 thousand for the organization of the investment conferences with the participation of Arabic finance institutions and businessmen form Arabic countries.
The technical assistance for the preparation to the international conference is provided to Azerbaijan by Islam Development Bank. The conference is scheduled for November in Baku.
The original grant agreement has already delivered to Azerbaijani side. The siogned document will be forwarded to Islam Development Bank.
All expenses on the conducting of the conference are born by Islam Bank, and the Azerbaijani government will pay off all internal expenditures.