Ministry of Finance (Azerbaijan)
|Ministry of Finance of Azerbaijan Republic|
|Azərbaycan Respublikasının Maliyyə Nazirliyi|
Coat of Arms of Azerbaijan
|Formed||October 21, 1918|
|Headquarters||83 Samad Vurgun Avenue, Baku, Azerbaijan Republic AZ1022|
|Agency executives||Samir Sharifov, Minister of Finance
Ilgar Fati-zade, Deputy Minister
Azer Bayramov, Deputy Minister
The Ministry of Finance of Azerbaijan Republic (Azerbaijani: Azərbaycan Respublikasının Maliyyə Nazirliyi) is a governmental agency within the Cabinet of Azerbaijan in charge of regulating the financial sector in Azerbaijan Republic. The ministry is headed by Samir Sharifov.
- 1 History
- 2 Structure
- 3 List of Ministers
- 4 Minister Sharifov Corruption Allegations
- 5 Minister Sharifov Controversies
- 6 See also
- 7 References
The office of Minister of Finance was established on May 18, 1918 when Azerbaijan Democratic Republic declared independence. The Minister of Finance was one of members of the first cabinet. The Ministry of Finance itself, however, was formally established on October 21, 1918. With incorporation of Azerbaijan into USSR, the Ministry of Finance was subdued to Soviet Ministry of Finances. On August 4, 1956 and October 29, 1971, the statute of the ministry was revised by Council of Ministers decrees No. 385 and No. 358, respectively. The main functions of the ministry were collection of financial means to be distributed within the economic sector of Azerbaijan SSR. The current activity of the Ministry of Finance is regulated by the Statue about the Ministry of Finance of the Republic of Azerbaijan approved by Presidential Decree No. 271 on February 4, 2000.
The ministry is headed by the minister and two deputy ministers. Functions of the ministry are improvement of state policies on finance, budgeting and taxes; ensuring stability of state finances and development of financial markets in the country; atrtacting foreign creditors to Azerbaijani economy; improvement of budgeting, tax forecasting, financial mechanisms; ensuring financial control over budgetary funds and spending; provision of state budget funds management and controlling movement of funds within Azerbaijan.
List of Ministers
Finance Ministers of Azerbaijan Democratic Republic
- Nasib Yusifbeyli, May 1918 - June 1918
- Abdulali bey Amirjanov, June 1918 - October 1918
- Mammad Hasan Hajinski, October 1918 - December 1918
- I. Protasov, December 1918 - March 1919
- A. Hasanov, March 1919 - December 1919
- R. Gaplanov, 1919 - 1920
Finance Ministers of Azerbaijan SSR
- N. Tagiyev, 1920 - 1922
- Mirzabekyan, 1923 - 1924
- Mirza Davud Huseynov, 1925 - 1925
- A. Ibrahimov, 1926 - 1926
- T. Aliyev, 1927 - 1930
- A. Mammadov, 1931 - 1931
- N. Ibrahimov, 1932 - 1934
- Atakishiyev, 1935 - 1935
- N. Tagiyev, 1936 - 1937
- Mirabutalib Samadov, 1938 - 1949
- Rza Sadikhov, 1950 - 1957
- Gurban Khalilov, 1958 - 1969
- Bakhshali Bakhshaliyev, 1970 - 1987
- Bedir Garayev, 1987 - 1991
Finance Ministers of Azerbaijan Republic
- Bedir Garayev, 1991 - 1992
- Saleh Mammadov, 1992 - 1993
- Fikrat Yusifov, 1994 - July 11, 1999
- Avaz Alakbarov, July 11, 1999 - April 18, 2006
- Samir Sharifov, April 18, 2006 - Incumbent
Minister Sharifov Corruption Allegations
Several news articles have discussed a correlation between Minister Sharifov’s position in government and corruption:
State Oil Fund of Azerbaijan (SOFA)
In July 2004, APS Review Downstream Trends reported: “The transparency of the State Oil Fund of Azerbaijan (SOFA), which is headed by Samir Sharifov who is among key figures surrounding the new leader in Baku . . . Corruption remains widespread.” 
New Petroleum Wealth
In 2005, Nefte Compass reported: “Fresh from elections that have been judged as less than perfect, Azerbaijan is getting on with the business of raking in the oil money, bracing itself for a flood of "petrodollars" that at current prices could exceed $150 billion over the next 20 years. Concerns abound that the windfall will be squandered through corruption rather than pumped into alleviating poverty. . . the fund's chairman [is] Samir Sharifov . . .” 
In 2002, APS Review Gas Market Trends reported: “There is a big question mark about Azerbaijan's future . . . Petroleum wealth without governmental accountability in the coming years will lead to more corruption and a population impoverished further. . . In October 1997 the British Ambassador, Roger Thomas, told a conference organised by the Baku chamber of commerce that corruption in Azerbaijan was getting out of hand. He spoke of "the hijacking of assets and wealth by a few people while a large part of the country goes empty-handed". He said foreign companies were being "frightened away" from Azerbaijan by excessive and arbitrary taxation. He said corruption, in the form of "unofficial overheads", provided "a further disincentive to invest". . . The fund's board of directors [is] led by Aliyev-appointed banker Samir Sharifov . . .” 
Minister Sharifov Controversies
- "The United States is encouraging Aliyev to appoint Samir Sharifov to be ... as a governor for Azerbaijan, clearly indicate a pattern of corruption."
- "There have been whispers of treason, bribery, and corruption under Minister of Finance, Samir Sharifov, but to move into terrorism is disgusting."
- "CIA. Chiefs of State and Cabinet Members of Foreign Governments". Retrieved 2010-11-08.
- "THE MINISTRY OF FINANCE OF THE REPUBLIC OF AZERBAIJAN". Retrieved 2010-11-08.
- "Maliyyə Nazirliyi" [Ministry of Finance]. Retrieved 2010-11-08.
- "Ministry of Finance of Azerbaijan Republic. history of the Ministry". Retrieved 2010-11-10.
- "AZERBAIJAN - Decision Making System Under Ilham Aliyev", APS Review Downstream Trends, 19 Jul 2004
- "Last Word: Oil Fund Chief Sets Out Strategy For Azerbaijan", Nefte Compass, 17 Nov 2005
- "AZERBAIJAN - Stability Prospects", APS Review Gas Market Trends, 5 Aug 2002
- Edmund Berger "Soros and the State Department: Moving Iran towards the Open Society", Foreign Policy Journal, 14 May 2011
- "Did Iran plot to kill Israelis in Azerbaijan?" CBS News, 21 Feb 2012