Shahmar Movsumov
Shahmar Movsumov | |
|---|---|
| Born | January 31, 1972 Nakhchivan, Azerbaijan |
| Occupation(s) | Government official, economist |
| Years active | 1995–present |
| Known for | Assistant to the President of Azerbaijan; former executive director of the State Oil Fund of Azerbaijan |
Shahmar Arif oghlu Movsumov (, born January 31, 1972) holds the position of Assistant to the President of Azerbaijan and directs the Department of Economic Issues and Innovative Development Policy within the Presidential Administration of Azerbaijan.
Biography
Movsumov was born in Nakhchivan and pursued his studies in International Economic Relations at the Moscow State Institute of International Relations from 1990 to 1995. He further obtained a master's degree in public administration from the Harvard Kennedy School during 2003–2004.
Career
Between 1995 and 2005, Movsumov advanced through various capacities at the Central Bank of Azerbaijan, ultimately serving as chief adviser to its chairman. He then served as executive director of the Central Bank from 2005 to 2006. Following this, he was appointed executive director of the State Oil Fund of Azerbaijan, a role he fulfilled from May 15, 2006, until November 29, 2019.
From 2006 until 2017, he led the Government Commission for the Extractive Industries Transparency Initiative (EITI) and was a member of its International Board until 2016. Since 2013, Movsumov has held an independent supervisory board membership at VTB OJSC.
His involvement extended to serving on the supervisory board of Southern Gas Corridor CJSC between 2014 and 2019. Additionally, he contributed to Azerbaijan's Financial Stability Board from 2016 to 2019 and chaired the Extractive Industries Transparency Commission during 2017–2019. Beginning in March 2018, he assumed chairmanship of the supervisory board at the International Bank of Azerbaijan and participated on the board of the International Forum of Sovereign Wealth Funds between 2018 and 2019.
On November 29, 2019, Movsumov was appointed Assistant to the President, where he oversees initiatives related to economic policy and innovative development within the Presidential Administration. Since September 2020, he has been a member of Azerbaijan’s Economic Council.
Awards
- "Taraggi" Medal — conferred on December 29, 2009