Azerbaijan to take part in IsDB Group Private Sector Forum in Egypt 

Kanan Sadigov
Author

Azerbaijan will participate in the Private Sector Forum, Report informs, citing the Azerbaijan Banks Association (ABA).
The forum will be held by the Islamic Development Bank (IsDB) on June 2-4 at Sharm El Sheikh International Congress Center (SHICC) in Egypt.

Azerbaijan joined IsDB on 4 July 1992. Its share of subscribed capital is ID50.9 million (0.1%) as of 31 December 2017.

IsDB has earmarked $1.179 billion for Azerbaijan so far. Of this, $956 million was allocated from the IsDB, $83 million from the International Islamic Trade Finance Corporation (ITFC), $120.4 million from the Islamic Corporation for the Development of the Private Sector, and $194 million from other sources.

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