BAKU, Azerbaijan, October 5. During the implementation of the Swiss Cooperation Program South Caucasus Region 2022-2025, Swiss State Secretariat for Economic Affairs (SECO) plans to fund projects with a total value of at least CHF 10 million; on average CHF 2.5 million per year, SECO told Trend.
“The Swiss Cooperation Program South Caucasus Region sets the framework for Swiss funded projects in Azerbaijan for the years 2022 until 2025. These projects will continue to focus on strengthening public finance management, further improving the business environment and enhancing the access to finance in the agrarian sector as well as support women’s economic empowerment,” SECO said.
SECO is the federal government’s center of expertise for core issues relating to economic policy. Its aim is to ensure sustainable economic growth, high employment and fair working conditions by providing a stable environment for regulatory, economic and foreign trade policy.
SECO focuses on eight business lines:
- Growth-promoting economic policy
- Rules-based trade system
- Innovation-friendly business environment
- Urban development and infrastructure services
- Access to financing
- Integration in value chains
- Corporate Social Responsibility
- Market-oriented skills
SECO implements roughly 300 programmes and projects each year in 13 priority countries in the south and in the east. In some developing countries, SECO supports other federal agencies with complementary measures. SECO’s activities focus on the long term. Gender equality as well as climate and resource efficiency are systematically considered.
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