2016 Annual Report: State Oil Fund of the Republic of Azerbaijan
Development, Center for Economic and Social | July 2017
Abstract
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) was established in accordance with the Decree of national leader Heydar Aliyev No. 240 on December 29, 1999. SOFAZ is a mechanism whereby energy-related earnings are accumulated and efficiently managed for future generations.
SOFAZ is structured as an extra-budgetary fund and functions as the legal entity separate from the government or central bank. Statute of SOFAZ was approved in 2000.
The cornerstone of SOFAZ’s philosophy is to ensure intergenerational equality with respect to the benefit from the country’s oil wealth.
Citation
Development, Center for Economic and Social. 2017. 2016 Annual Report: State Oil Fund of the Republic of Azerbaijan. © Center for Economic and Social Development. http://hdl.handle.net/11540/7224.Keywords
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Project impact
Development projects
Program management
Performance appraisal
Project appraisal
Technology assessment
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Results-Based Monitoring And Evaluation
Project Evaluation & Review Technique
Project Evaluation
Program Evaluation
Performance Evaluation
Operations Evaluation
Evaluation Methods
Evaluation
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Cumulative effects assessment
Grievance procedures
Participatory monitoring and evaluation
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