Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received on June 13, 2008 the delegation headed by Daniyar Akishev, Deputy Chairman of the National Bank of Kazakhstan.

The purpose of the visit of the delegation is to learn Azerbaijan's experience on the areas such as monetary and credit policy, bank system of the country, Oil Fund's activity and discussion of economic relations between Azerbaijan and Kazakhstan.

Sh. Movsumov briefed about the Fund's activity, as well as the projects financed by the Fund and management of its assets.

The economic reforms, importance of oil sector in Azerbaijan, influence of huge oil revenues to our country, development of Azerbaijan's non-oil sector and other issues were discussed at the meeting.