ECONOMY
SWITZERLAND IMPLEMENTS PROJECTS IN AZERBAIJAN
Swiss State Secretariat for Economic Affairs (SECO) implements various projects in Azerbaijan, Ministry for Economic Development said.
Azerbaijan`s Corporate Governance project aims to improve the corporate governance practices. The project value is US $ 2 mln 560 thousand 879 dollars, of which 2 mln 99 thousand 81 dollars came from Switzerland. Seminars will be also held for the banks and stock companies’ representatives in the framework of the project.
The second project worth € 54 mln (SECO-10mln, KfW-37 mln, the government of Azerbaijan-7 mln) envisages improvement of the drinking water supply in Ganja and Shaki regions.
The project value of the state bond market development is US $ 1 mln 917 thousand 384 dollars. The project aims to strengthen the budget management and monetary policy of Azerbaijan’s Ministry of Finance and the National Bank and render technical assistance to improve the state bond market liquidity.
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