ECONOMY
AZERBAIJAN OIL FUND WINS UN AWARD
The State Oil Fund of Azerbaijan Republic won the United Nations Public Service Award for improving transparency and responsibility in Public Service in 2007.
The United Nations Public Service Award, which is considered the most prestigious award in the field of Public Administration, was founded by the United Nations in 2003 to estimate the contribution of governmental structures to the development of their countries.
The 23rd of June is marked as the Public Service Day according to the resolution approved by the UN General Assembly on March 7, 2003.
The State Oil Fund is the first winner of the United Nations Public Service Award among the state organizations of CIS and Eastern Europe.
The Oil Fund, established by Azerbaijan’s nationwide leader Heydar Aliyev, plays valuable role in transparent management of oil revenues.
The presentation ceremony of the Award will be held June 26-29 at UN Headquarters in Vienna within the frameworks of the 7th Global Forum on Reinventing Government: Building Trust in Government.
The awards will be presented by UN Secretary-General.
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