Center for Economic and Social Development

CESD will monitor Azerbaijan Republic State Oil Fund’s Expenditures
EITI Coalition Azerbaijan held next press-conference on State Oil Fund of Azerbaijan Republic Assets in 18, April, 2008. Key-speaker, Vugar Bayramov, the chairman of Center for Economic and Social Development (CESD), mentioned that State Oil Fund of Azerbaijan Republic (SOFAZ) assets have been increased from $ 2,017 million in August, 2007 to $ 3,335 million in April, 01, 2008. Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2008 reached 1116,4 million manat, while budget expenditures constituted 438,4 mln. Manat. Revenues of the 2008 budget of the fund was approved 3,60, expenditures 1,68 billion manat, the amounts, however, will be expected to be amended in May, 2008 when the state budget is amended at the Parliament. SOFAZ’s revenues have been increased thanks to the oil price in the market.

Press-Release Presentation

Current Projects

• “Auditing in Local Governments in Azerbaijan”,
• “Preparing ping of Annual Report on Good Governance and Anti-corruption in Azerbaijan”
• “Monitoring on Agriculture Sector in Azerbaijan”,
• “Developing of Strategy of State Oil Fund of Azerbaijan Republic”
• Media Campaign on Increasing Awareness in Oil Revenues
• Increasing Awareness among Communities,

Lastest Publication

Read CESD produced new strategy paper on State Oil Fund’s Strategy The economic life of Azerbaijan is closely tied to the oil. The study claims that possessing oil can spoil if the resources are spent to satisfy the short-term interests, but it may also become an advantage, if managed wisely, through proper defining and keeping in mind the long-term interests of the entire society owning the resources.

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What is your inflation forecast for 2008?

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	11-13%
	13-16%
	16-22%
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About CESD

Center for Economic and Social Development (CESD) was established for the purpose of promoting research into contemporary economic and social problems in 2005. The Center aims at organizing and promoting theoretical and practical research in the economic and social development problems (i), providing policy advice to the Government of Azerbaijan (ii), click here.

Contact details

Tel: +994 (012) 495 4248
Fax: +994 (012) 437 3240
Email: cesd@aztelekom.net

Shirin Mirzeyev 76 "a"/ 33, Baku Az1002, Azerbaijan

Events

12 Workshops are scheduled to be taken place in different regions in Azerbaijan in the first half of 2008. Workshops will be addressed on public expenditure tracking, budget transparency, WTO Accession and Poverty Reduction. CESD also holds 2 National Conference in Baku, the capital city, in April, 2008. More information on up-coming events can be obtained by contacting with the center at cesd@aztelekom.net.