Washington, D.C., Release: March 18, 2020 The new report The Empty Bucket of the State Oil Fund of Azerbaijan: Profits and Profiteering co-authored and produced …
Azerbaijan
What and Where Azerbaijan Spends on Defense
A hike in oil revenues in 2010-2015 in Azerbaijan coincided with a rapid increase in the country’s spending on its defense sector. However, with no …
Azerbaijan signs international agreements but fails to meet their obligations
The government of Azerbaijan had signed various international conventions and joined different global agreements but still refuses to meet its obligations related to independent civil …
Azerbaijan spends unprecedented resources on lobbying
More than $150 billion in oil and gas revenues over the past 10 years created unprecedented opportunities for Azerbaijan to invest into lobbying to hush critical …
Azerbaijan’s 2020 budget remains vulnerable to external jolts
The 2020 draft budget of Azerbaijan shows that while it is possible to increase earnings through the non-oil sector, the government continues to pump oil …
Corrupt and Flashy Events Disguised as Modernization in Azerbaijan
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 …
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, …
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 …
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 …
Comments to the EBRD Draft Azerbaijan Country Strategy
Crude Accountability and The Center for Economic Research (Azerbaijan) are pleased to submit comments on the Draft Azerbaijan Country Strategy, as part of the civil …