Two loan agreements were signed between government of Azerbaijan and Islamic Development Bank (IBD) on 10 March in Jeddah (Saudi Arabia - SA) Agency Trend informs, documents are signed within frames of the official visit of the president of Azerbaijan Ilham Aliyev to SA.
The first agreement refers to allocation of $10,4 mln for financing of the project on construction of the section Velvelichay-Takhtakerpyu of Samur- Absheron irrigation channel. The second loan in amount of $10,4 mln is purposed for financing of reconstruction of road Yevlakh-Gyanja. The first prime minister of Azerbaijan Government Yagub Eyubov and the president of IDB Ahmad Mukhammadali signed the documents.
We would like to mention, I. Aliev held negotiations with A. Muhammadali and with secretary general of Organization of Islamic conference Ikmaladdin Ehsanoglu 10 March, in Jeddah. The issues of development of bilateral relations were discussed.