Jeddah, January 24, 2023, SPA -- The Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group, welcomes the accession of the Republic of Azerbaijan as its 49th member state. ICIEC will work closely with the Government of Azerbaijan to support economic and social infrastructure projects in trade, agriculture, energy, water, sanitation, and urban services and with the private sector to improve access to finance. ICIEC supports Azerbaijan’s 2030 National Priorities for Socio-Economic Development by achieving sustainable economic growth and high social welfare and their priority for a clean environment and a country of “green growth”. Oussama Kaissi, CEO of ICIEC, welcomed Azerbaijan, stating: “The Republic of Azerbaijan’s membership opens the door for its private and public sectors to benefit from risk mitigation and credit enhancement solutions offered by ICIEC to expand their exports and promote foreign direct investment inflow.” --SPA 17:44 LOCAL TIME 14:44 GMT 0018 www.spa.gov.sa/w1844747