Salim Muslimov: Azerbaijan should be cautious about the establishment of private pension funds amid global financial crisis

He added private pension funds a number of countries suffered large losses as a result of the crisis.
According to him, the loss was more than $1 trillion in the United States alone.
“Funds in Russia, Kazakhstan and other countries are not in a better situation either. This proves Azerbaijan’s delaying the establishment of private pension funds was a wise move. It would have been difficult to raise funds during the financial crisis,†he added.
Finance

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