The Islamic Development Bank (IsDB) has approved $1.365 billion in financing to support development projects across 12 member countries, the bank announced following its 363rd Board of Executive Directors session chaired by President Muhammad Al Jasser.

Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev met with Muhammad Sulaiman Al Jasser, Chairman of the Islamic Development Bank Group, in Baku on Thursday to discuss ways to strengthen cooperation.

The 2026 annual meeting of the Islamic Development Bank (IsDB) Group will be organized in Baku, Azerbaijan.

The Islamic Development Bank (IsDB) has approved a $97 million loan to fund a major irrigation project in Azerbaijan’s Karabakh region. The project will involve the construction of a 52-kilometre irrigation canal sourced from the Giz Galasi reservoir in the East Zangazur region.