Azerbaijan and IsDB discuss strategic cooperation

15:06 - 5.05.2026


May 5, Fineko/abc.az. Economy Minister Mikayil Jabbarov and Muhammad Al Jasser, the Chairman of the Islamic Development Bank Group, discussed issues of strategic cooperation during the meeting in Baku.

ABC.AZ reports, referring to IsDB, that discussions focused on preparations for the upcoming IsDB Group Annual Meetings, alongside a review of the active project pipeline in Azerbaijan.

In particular, the sides discussed the project of the US$436.67 million Garabagh Irrigation Canal, one of the largest IsDB operations in Azerbaijan.

Both parties also aligned on the upcoming Member Country Partnership Strategy (2027 to 2031), a forward looking roadmap to scale cooperation in green infrastructure, economic diversification and Islamic finance.