IMF : changes of Azerbaijan Oil Funds investment policy unable to affect its steadiness
Baku, Fineko/abc.az. IMF mission for Azerbaijan , which finished its work in Baku keeps on admiring management quality and transparency of State Oil Fund (SOFAZ).
Head of IMF Mission for Azerbaijan Nadeem Ilahi has reported that the last changes of SOFAZs investment policy are insignificant as they have not touched its main assets and can not negatively affect quality of the Funds assets management.
«It is not surprising that during global economic crisis SOFAZ changes its investment strategy- almost all sovereign accumulation funds act like this. At that SOFAZs management quality and transparency keeps on remaining at high level ", - N. Ilahi said.
In 2012 SOFAZ got right and started investments in material gold. He is also allowed to make investments in real property and soft currency.
The IMF Mission has been holding consultations with Azerbaijani government on the issues of economic policy, development prospects and future discussion on the issues of Article IV on the Fund creation.
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