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

·         18 sovereign guaranteed projects

-       All the companies have been successfully completed.