Azerbaijan turns to Islamic capital in search of a new financing architecture

For an economy that has long relied on oil revenues, European credit lines and conventional multilateral institutions, Baku is increasingly shaping a new financial strategy: to diversify not only exports and trade routes, but also the structure of capital itself. The annual meetings of the Islamic Development Bank Group held in Baku have become a clear indicator of that shift. Behind the forum’s formal diplomatic agenda lies a deeper...

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