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Sovereign Wealth Funds Briefing - Categorized | Trends

Azerbaijan: Aiming to please

Posted on 29 August 2016

The need for western funds in order to complete big energy projects is forcing Baku to tackle corruption. Despite holding more than $30bn of savings in its sovereign wealth fund, it briefly explored the possibility of borrowing from the IMF.
An official in Baku says demand for dollars in the banking sector is five to six times higher than supply through regular sales from the sovereign wealth fund………………………………………..Full Article: Source


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