BAKU, Azerbaijan, May 5. Azerbaijan’s Ministry
of Economy met with a delegation led by the President of the
Islamic Development Bank (IDB) Group to discuss priority areas of
cooperation, ongoing and prospective joint projects, and
preparations for hosting the IDB Group’s Annual Meetings in Baku in
2026, Trend reports
via the Ministry of Economy
The issues were discussed at a meeting between Minister of
Economy Mikayil Jabbarov and a delegation led by the President of
the Islamic Development Bank (IDB) Group, Muhammad Sulaiman Al
Jasser.
At the meeting, Economy Minister Mikayil Jabbarov emphasized
that expanding economic cooperation with the IDB, including
projects in the energy, infrastructure, water supply, and other
sectors, plays a vital role in diversifying Azerbaijan’s economy
and developing the private sector. It was noted that trade and
regional integration, access to global value chains, and a stable
macroeconomic environment have made Azerbaijan an attractive
destination for foreign investors. It was noted that holding
meetings in Baku will contribute to further promoting our country’s
investment potential on a regional and international scale.
Muhammad Sulaiman Al Jasser, Chairman of the Islamic Development
Bank (IDB) Group, emphasized the importance of these meetings in
strengthening partnerships and promoting innovative solutions that
contribute to sustainable development in the Group’s member
countries. The meetings also serve as an important platform for
jointly discussing global challenges and identifying new
opportunities for shared development.
In addition, it was announced at the meeting that the official
theme of the IDB Group’s annual meetings, to be held in Baku, will
be “Regional Integration for Sustainable Prosperity.”
The parties exchanged views on the preparatory work and planned
activities related to hosting the Islamic Development Bank Group’s
annual meetings in Baku in 2026, strengthening economic, including
financial, partnerships, and prospects for further cooperation.
Meanwhile, the 51st Annual Meeting of the Islamic Development
Bank (IDB) Group will take place in Baku from June 16 through June
19, 2026. The events, which will serve as a leading global platform
for dialogue on development issues, will be attended by ministers
of finance, economy, and other sectors, heads of international
financial institutions and the private sector, as well as
representatives of international organizations.
