BAKU, Azerbaijan, June 16. The 8th Sustainable
Development Goals Dialogue was held in Baku today within the
framework of the 51st Annual Meetings of the Islamic Development
Bank Group.
This is reflected in a statement by the Ministry of Economy of
Azerbaijan.
Financing matters for sustainable development were discussed
during the event.
During the dialogue, the role of Islamic finance, digital
finance, trade finance, and investment mechanisms in financing the
SDGs was discussed, alongside the mobilization of private capital,
expansion of regional investment flows, and strengthening of
cross-border cooperation. The event holds great significance for
promoting the exchange of experience among Islamic Development Bank
member countries, implementing innovative financing instruments,
and formulating recommendations that will contribute to achieving
sustainable development goals.
Speaking at the opening of the event, Huseyn Huseynov, Advisor
to the Minister of Economy and Executive Secretary of the National
Coordinating Council for Sustainable Development, noted the
importance of innovative financial instruments and multilateral
cooperation for financing the Sustainable Development Goals. He
provided information on Azerbaijan’s initiatives in sustainable
finance and the work being carried out to promote green
investments.
Nasar Hayat, Acting UN Resident Coordinator in Azerbaijan,
Ismael Nabe, Minister of Planning, International Cooperation, and
Development of the Republic of Guinea, and Mazahir Afandiyev,
Member of the Milli Majlis (Parliament), delivered speeches sharing
their insights on financing sustainable development goals,
strengthening international cooperation, and the importance of
innovative financial instruments.
Within the framework of the dialogue, the issues of ensuring
debt sustainability for financing sustainable development goals,
strengthening international development cooperation, and mobilizing
domestic resources were discussed. Furthermore, an exchange of
views took place on the role of cross-border investment flows,
regional capital markets, Islamic finance instruments, and trade
finance mechanisms in attracting private capital for sustainable
development. During the discussions, the application of innovative
financing instruments, the promotion of green and sustainable
finance, as well as new cooperation opportunities for financing
sustainable development goals in developing countries were in the
spotlight.
