BAKU, Azerbaijan, January 24. The Islamic
Corporation for the Insurance of Investment & Export Credit
(ICIEC), a member of the Islamic Development Bank (IsDB) Group, has
accepted Azerbaijan as its 49th member state, the ICIEC
informed Trend.
ICIEC will work intently with the Government of Azerbaijan to
assist financial and social infrastructure tasks in commerce,
agriculture, power, water, sanitation, and concrete companies and with
the personal sector to enhance entry to finance. ICIEC helps
Azerbaijan’s 2030 National Priorities for Socio-Economic
Development by reaching sustainable financial development and excessive
social welfare and their precedence for a clear surroundings and a
nation of “green growth”.
ICIEC’s presence as an funding associate offers a measure of
reassurance and encouragement to different potential buyers in search of
alternatives in Azerbaijan. The funding tasks usually present
employment, enhanced, trendy and environment friendly infrastructure, and
higher high quality of life for residents.
“Azerbaijan’s membership opens the door for its personal and
public sectors to learn from threat mitigation and credit score
enhancement options supplied by ICIEC to broaden their exports and
promote international direct funding influx. Similarly, it permits
exporters, banks and buyers from different member and non-member
states, to cowl political and industrial dangers associated to their
operations in Azerbaijan,” Oussama Kaissi, CEO of ICIEC, stated.
ICIEC was established in 1994 to strengthen financial relations
between OIC Member States and promote intra-OIC commerce and
investments by offering threat mitigation instruments and monetary
options.
