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Annual Meeting of OIC Board of Directors might Take Place In Baku in 2010

Business Materials 11 June 2007 11:22 (UTC +04:00)

Azerbaijan, Baku / Trend / The annual meeting of the Board of Directors from the Orgaiztaion of Islamic Bank (OIC) scheduled for 2010, is likely to take place in Baku, according to the Azerbaijani Ministry of Economic Development.

The idea on the conduct of the gathering was discussed in Dakar, Senegal, between the President of OIC, Ahmet Muhammad Ali and Azerbaijani delegation led by Samir Veliyev , head of Administration of the Ministry during the 32nd annual meeting of the OIC Board of Directors.

The issue on the OIC Fund on Poverty Reduction, which is to commence its activities in the near future, was also discussed.

The Fund is planned to set up its activities with an initial capital of $10bln.

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