23.11.2012 - IMF expects grave growth in Azerbaijan Oil Fundís assets in 2013, despite of its active spending plans
The IMF staff mission, which visited Baku on 8-20 November, has published an aide-memoire on the results of the missionís visit. The mission concluded that the assets of the State Oil Fund of Azerbaijan (SOFAZ) in 2012 will reach $35.3 billion and in 2013 increase up to $37.369 billion. At that, the Fund estimates gross official international reserves of the country at $12.887 billion for 2012 and $14.387 billion for the end of 2013...............................................Full Article: Source
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