Princeton University and the World Bank laud PTF funded projects

Princeton University and the World Bank laud PTF funded projects Three PTF funded projects were featured in recent publications by Princeton University’s Innovations for Successful Societies and the World Bank’s Innovative Solutions for Governance series. The Princeton paper cites the PTF funded G-Watch implemented textbook procurement program in the Philippines. It notes that “Groups such as Government Watch, the National Citizens Movement for Free Elections, and... Read More

SOFAZ’s Tardy Investment Policy

SOFAZ’s Tardy Investment Policy Vugar Bayramov: “ SOFAZ’s investment policy is not flexible” The State Oil Fund of Azerbaijan (SOFAZ) intends to invest in commercial real estate in London, Paris, Rome, Istanbul and Moscow and is planning to increase its holdings in gold. As we know, an economic crisis has covered Western Europe. Due to the crisis, price drops have occurred erratically and unpredictably. Likewise, the dollar and especially the euro have weakened. The State... Read More

SOFAZ allocates over $4 billion for various projects and programs

SOFAZ allocates over $4 billion for various projects and programs The State Oil Fund of Azerbaijan (SOFAZ) allocated about 3.34 billion manat for the implementation of various infrastructure projects and other needs as of July 1, the official website of the State Oil Fund said on Friday. A significant amount of funds directed at improving the welfare of refugees and internally displaced persons, as well as addressing their employment. The State Oil Fund has allocated 1.020.2... Read More