SOFAZ spent AZN 60.9 million on IDPs for Jan-Mar


April 17, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has released some statistics on its activities for Jan-Mar 2020.

ABC.AZ informs with reference to SOFAZ that AZN 60.9 million were allocated from SOFAZ expenditures for the reported term to finance the measures aimed to settle and improve the social situation of families of internally displaced persons. During this period SOFAZ's management expenses amounted to AZN 5.9 million.

The negative difference from the volatility of the short-term market value due to the revaluation of SOFAZ assets for the last quarter totaled AZN 2.148 bn. The difference in exchange rates amounted to AZN 281.1 million, as well as non-budgetary expenses of SOFAZ.