SOFAZ Executive Director meets with Vice-President of Asian Development Bank

Executive Director of the State Oil Fund of Azerbaijan (SOFAZ) Israfil Mammadov has met with a delegation led by Vice-President of the Asian Development Bank Shixin Chen.


Over the meeting, the delegation was provided with an overview on the role of the Fund in ensuring macroeconomic stability in the country, in funding regional projects and introduced to SOFAZ’s investment policy and the main directions of its investment portfolio. Stressing the main goals of Azerbaijan’s 2022-2026 Socio-Economic Development Strategy, Israfil Mammadov praised the impact of projects initiated by ADB.


Vice-President of the Asian Development Bank Shixin Chen expressed his satisfaction with his extended visit to Azerbaijan and mentioned the importance of further enhancement of collaboration between ADB and Azerbaijan on sustainable development action.


Source: Azerbaijan State News Agency

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