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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Azerbaijan’s Finance Ministry to keep practice of running SOFAZ’s treasury assets

Posted on 09 August 2011

The Azerbaijani Ministry of Finance is going to keep the practice of management of treasury assets through the State Oil Fund (SOFAZ).
At the same time the amendments endorsed by Decision #119 from 18 July the Cabinet Ministers of Azerbaijan to the Rules of Transfer of the Balance of Finances at Single Treasury Account of the State Budget (free balance) under Management (approved by Decision #62 from 6 April 2007) enable other options as well……………………………………….Full Article: Source


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