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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

SOFAZ begins investing in IFC infrastructure fund

Posted on 02 April 2013

Azerbaijan’s state oil fund, SOFAZ, is going to allocate $150 million for participation in the Global Infrastructure Fund, created by the International Finance Corporation, together with other sovereign and pension funds, according to a statement released by SOFAZ on Monday.
‘The share of SOFAZ in the Global Infrastructure Fund will be increased to $200 million, while its total budget is $500 million,’ the statement says. SOFAZ already invested $100 million to the IFC African, Latin American and Caribbean Fund in 2010 and $50 million to IFC Catalyst Fund in 2012………………………………………..Full Article: Source


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