Supervisory Board meeting of Karabakh Revival Fund held
Baku, December 24, AZERTAC
On December 24, a meeting of the Supervisory Board of the Karabakh Revival Fund was held.
The meeting was attended by Mikayil Jabbarov, Chairman of the Supervisory Board and Minister of Economy of the Republic of Azerbaijan, as well as members of the Board: Representative of the President of the Republic of Azerbaijan on Climate Issues Mukhtar Babayev, Members of the Milli Majlis Tural Ganjaliyev and Fatma Yildirim, Rector of Azerbaijan State University of Economics Adalat Muradov, and People’s Artist of Azerbaijan Alim Gasimov.
At the outset, a report on the Fund’s activities over the first 11 months of 2025 was presented. Chairman of the Executive Board Rahman Hajiyev delivered a presentation outlining the projects implemented during the reporting period, the results achieved, financial indicators, and key priorities for the upcoming period.
Subsequently, Mikayil Jabbarov submitted several agenda items for discussion, including the establishment of an Audit Committee under the Supervisory Board, the development of new Investment Rules governing the management of the Fund’s assets, the appointment of an external financial auditor for 2025, and other related matters. The meeting also reviewed and approved the Budget of the Karabakh Revival Fund for 2026.
Following deliberations, the members of the Supervisory Board adopted the relevant decisions on the issues discussed.
Additionally, the Supervisory Board members were provided with detailed information on green energy, agricultural park, and industrial zone development projects submitted to the Fund and currently under review.
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