Ilham Aliyev's speech at IsDB meeting sends positive signal to foreign investors

President Ilham Aliyev's speech at the opening ceremony of the 2026 Annual Meetings of the Islamic Development Bank (IsDB) Group sent a positive signal to foreign investors regarding Azerbaijan's long-term economic stability, Member of the Milli Majlis Mushfig Jafarli told Report.

According to him, the President's speech focused primarily on Azerbaijan's economic achievements, its role in international cooperation, and the development of ties with the Islamic world.

"President Ilham Aliyev noted in his speech that Azerbaijan has undergone significant changes over the past 15 years and has strengthened its position in terms of political stability, economic development, and international relations. During his remarks, the head of state emphasized that Azerbaijan has become an important actor in global and regional processes. Particular attention was given to reducing dependence on the oil and gas sector and developing the non-oil economy. The messages conveyed by the President served as a signal to foreign investors and international financial institutions regarding Azerbaijan's long-term economic stability."

The MP also noted that President Ilham Aliyev highly appreciated the IsDB's support for projects and reforms implemented in Azerbaijan.

"At the same time, a framework loan agreement for the Karabakh Irrigation Canal Reconstruction Project, a grant agreement for the same project, and a Memorandum of Understanding between the Ministry of Economy of the Republic of Azerbaijan and the Islamic Development Bank on the development of a Member Country Partnership Strategy for Azerbaijan were signed during the event.

The signing of these documents demonstrates the expansion of cooperation. Cooperation between the IsDB and Azerbaijan has continued for many years, during which various projects have been implemented. The Islamic Development Bank has worked with the Azerbaijani government on projects in Karabakh across different sectors, including road construction, transport infrastructure development, and railway networks. The documents signed at the event will not only broaden the scope of cooperation but also ensure its sustainable development."