IMF expects grave growth in Azerbaijan Oil Fund’s assets in 2013, despite of its active spending plans
Baku, Fineko/abc.az. The IMF staff mission, which visited Baku on 8-20 November, has published an aide-memoire on the results of the mission’s 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.
The IMF forecast on SOFAZ assets were not affected by plans on increase of transfers to the state budget from the Fund and expected deficit budget of Azerbaijan Oil Fund for 2013.
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