SECO approves three projects for Azerbaijan
BAKU – The Swiss State Secretariat for Economic Affairs (SECO) has approved three new projects for Azerbaijan totaling $3.5 million, SECO’s Baku office said.
$600,000 of the amount will be provided as technical assistance to the state-run postal company Azerpocht. $1.6 million will be allocated to the State Committee on Securities under the capital market modernization project, and the remaining $1.3 million will be allotted to protect the rights of financial services consumers and education in finance under a project implemented jointly with the Ministry of Finance, Azerbaijan Central Bank and the State Committee on Securities.
The five-year projects are being implemented in cooperation with the World Bank.
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