Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) met with the delegation led by Jorge Gandini, Head of the Chamber of Representatives of Uruguay, on October 26, 2018.

Shahmar Movsumov informed the guests about the Fund’s history, mission and objectives, investment policy and portfolio, transparency and accountability, the projects financed by SOFAZ, ‘Santiago Principles’ and the Fund’s role in maintaining macro-economic stability and fiscal sustainability.

Head of the Chamber of Representatives of Uruguay Jorge Gandini expressed his satisfaction with his visit to Azerbaijan. Giving information on economy of Uruguay, Jorge Gandini stressed his beliefs in future development of the bilateral relations between Azerbaijan and Uruguay.

The delegation was also acquainted with the administrative building and museum of SOFAZ.