Baku,23.6.2010: The President of Azerbaijan H.E. Ilham Aliyev inaugurated at Gulustan Palace in Baku the Annual Meeting of the Board of Governors of the Islamic Development Bank (IDB).
The meeting was attended by Finance, Development, Economic and Cooperation Ministers from IDB member countries, in addition to diplomatic corps and many regional and international organizations.
President Ilham Aliyev delivered a keynote speech stating that the Annual Meeting of the Board of Governors of the Islamic Development Bank (IDB) in Azerbaijan is very significant event for the country.
"I am confident that this meeting will be successful, the outcome of the meeting will serve the strengthening of relations between the member countries of the bank. And at the same time, there will be an extensive exchange of views on the prospects of the bank," said the President.
According to the President, the relations between Azerbaijan and IDB develop rapidly and successfully, as testified by the data presented today.
"Long years, we have got huge profits from this efficient cooperation, and the Islamic Development Bank has great merits in Azerbaijan’s successful economic development. I am sure that these relationships will strengthen over the next years, we will continue successful cooperation to solve economic and social issues facing our country. Our cooperation has excellent prospects. Azerbaijan is experiencing a period of development, and the projects implemented in the country in line with the bank justify themselves," said President Ilham Aliyev.

According to the President, the economic reforms will be continued to ensure full development of Azerbaijan.
The meeting was addressed by Shahin Mustafayev, Azerbaijani economic development minister, chairman of the IDB's Board of Governors, who greeted President Ilham Aliyev and the event's participants.
H.E. Dr. Ahmad Mohamed Ali IDB, President expressed his deepest thanks and gratitude to His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, for gracing this meeting with his presence and for opening the 35th annual meeting of the Board of Governors of IDB. He also thanked the Government and people of Azerbaijan for hosting this meeting and for the warm welcome and generosity.
The Meeting was also addressed by representatives of African, Asian and Arab Groups who expressed their interest in furthering partnership relations with the IDB.