Islamic Development Bank

Name of the organization

Islamic Development Bank

General information about the organization

Establishment date: 1973.
Purpose: Contribute effectively to poverty alleviation; Promote sustainable economic growth and support regional integration.
President: Dr. Muhammad Sulaiman Al Jasser (Since 2021).
Headquarter: Kingdom of Saudi Arabia, Jeddah.
Authorised share capital: ID 100.0 billion.
Number of member countries:57

Information about cooperation between Azerbaijan and the organization

Membership of Azerbaijan:1992
19 sovereign guaranteed projects

- Completed: 18 projects.

- Under implementation: 1 project.

Distribution of projects under implementation by sectors:

- Construction of the main irrigation canal from the Maiden Tower reservoir project