Mustafayev noted the importance to increase IDB loans in Azerbaijan’s private sector, in particular, in real sector, to expand direct financing of big enterprises and to participate in share capital of companies.
The minister added that as of today, the IDB have allocated $1 billion for implementation of 18 projects in Azerbaijan, 14 of which have already been completed. The projects cover the spheres of agriculture, energy, transportation, water supply and others.
During the meeting, Mustafayev said that Azerbaijan attaches special attention to the expansion of relations with Islamic countries and strengthening of the Islamic solidarity.
Azerbaijan will continue active cooperation with the Islamic Development Bank, added the minister.
Azerbaijan joined the IDB in 1992.
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