Islamic Development Bank and Azerbaijan sign financing framework deal

Islamic Development Bank and Azerbaijan sign financing framework deal

RIYADH: Saudi Arabia’s Islamic Development Bank is set to provide a financing framework for Azerbaijan through a new agreement. 

The IsDB and the country’s Ministry of Economy signed a memorandum of understanding to establish a cooperative funding structure to potentially strengthen the bank’s support for Azerbaijan’s social and economic development, according to a release by the financial institution. Islamic Development Bank and Azerbaijan sign financing framework deal