Islamic Development Bank (IsDB) Group Chairman HE Dr. Muhammad Al Jasser will visit the Republic of Azerbaijan from 25 February to 03 March 2023. The strategic visit is intended to maximize cooperation between the IsDB Group and Azerbaijan, expand potential areas of collaboration, and spur actions that will enhance socio-economic development in the country. 

The visit will entail bilateral meetings at the highest level, including an audience with the President of the Republic of Azerbaijan, HE Ilham Aliyev, and discussions with cabinet ministers. In addition, the IsDB President will meet with the heads of major companies in Azerbaijan to deepen partnerships. 

Dr. Al Jasser will also visit some of the IsDB Group-funded projects in the country to see their progress and impact firsthand. In addition, he will also tour some historical sites in the capital Baku. 

IsDB Group enjoys a strong relationship with Azerbaijan and is committed to fostering its socio-economic development. The IsDB Group has approved a total financing of about US$1.2 billion for Azerbaijan. This includes US$956 million in financing by IsDB, US$120.2 million approved by ICD, US$83.4 million in trade operations by ITFC, and US$19.4 million by other IsDB Group funds and operations. In addition, ICIEC has provided US$92.5 million as business insured and US$75.5 million as new insurance commitments.  

For more information, please contact: 

Nora Mozzin: nmoathen@isdb.org