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Sovereign Wealth Funds Briefing - Categorized | Market

Moody’s raises Azerbaijan outlook to positive

Posted on 22 March 2011

Moody’s improved outlook reflects the country’s significant improvements in the government’s fiscal and external positions, reflected in the rapid accumulation of financial assets in the State Oil Fund of Azerbaijan (SOFAZ) and the prudent management of the revenues from those increases.
The government registered a fiscal surplus of 14% of GDP in its consolidated budget, while the current account surplus was 30% of GDP in 2010……………………………………….Full Article: Source


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