BAKU, Azerbaijan, June 7
By Leman Zeynalova – Trend:
Switzerland is currently drafting its Regional Cooperation Strategy for the South Caucasus 2022-2025 and within this Program, the Swiss State Secretariat for Economic Affairs SECO plans to allocate approximately CHF 11 million for economic cooperation projects in Azerbaijan, SECO told Trend.
“Economic Affairs SECO financially supports the Azerbaijan Investment Climate and Agribusiness Competitiveness project, which is being implemented by the International Finance Corporation of the Worldbank Group (IFC). This project supports the government of Azerbaijan to diversify and increase the competitiveness of the economy by:
• Improving the overall investment climate by streamlining business regulation and shift to risk-based inspections, developing and implementing a national foreign direct investment strategy; and
• Increasing the competitiveness of the agribusiness sector—which employs nearly 40 percent of the workforce in Azerbaijan—as a priority in diversifying the economy. The project enhances access to quality seeds; regulatory streamlining along agribusiness value chains; and expanding access to agri-finance products (lending instruments and other products) for agri-enterprises,” said SECO.
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