Azerbaijan hosts a number of over-the-top sporting and entertainment events under the disguise of modernization. Instead, the events lead to spiraling corruption and whitewashing the …
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SOFAZ consistently loses in the real estate market
The State Oil Fund of Azerbaijan (SOFAZ) invests in luxury real estate abroad, but does not profit from these highly lucrative investments. In this article, …
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Azerbaijan scores the worst in the corruption perception index during peak oil years
In the past year, Azerbaijan received very low ratings in Transparency International’s Corruption Perception Index and in the 2018 Open Budget Index. Low ratings harm …
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What does the SOFAZ 2018 statement reveal and how does it compare to other sovereign funds
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) regularly publishes quarterly and annual statements on revenues, expenditures, and assets. The statements are available …
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Azerbaijan: a rentier state
About the Author: Gubad Ibadoghlu, Senior Policy Analyst for social and economic studies at Azerbaijan’s Economic Research Center, a Baku-based NGO that promotes economic development and …