Azerbaijan promotes regional integration via joint investment funds—economy minister

Azerbaijan is promoting regional integration, the implementation of joint business projects, and reciprocal investment flows through investment funds. In particular, joint investment funds established with Uzbekistan, Kazakhstan, and Kyrgyzstan serve as an important platform for financing projects in priority economic sectors, creating new production facilities, supporting innovative initiatives, and expanding private sector cooperation.

The remarks were made Azerbaijan's by Economy Minister Mikayil Jabbarov during the session titled “Azerbaijan as Host and Connector – Green Transition, Regional Integration, and Strategic Partnership,” held on the margins of the 51st Annual Meeting of the Islamic Development Bank (IsDB) Group, Caliber.Az reports.

“The activities of the Islamic Development Bank Group in financing the private sector are aligned with Azerbaijan’s economic development priorities. The financial instruments offered by the IsDB provide substantial support to Azerbaijani companies in entering foreign markets. The documents signed today demonstrate that cooperation is no longer limited to financial services but also encompasses opportunities created by the Fourth Industrial Revolution. Cooperation with the IsDB Group helps align Azerbaijani companies with international standards, expand their capabilities, support digitalization, and facilitate access to regional and global markets, particularly for small and medium-sized enterprises,” Jabbarov emphasized.

By Vafa Guliyeva