Azerbaijan, Baku, Dec. 18 /Trend, N.Ismayilova/
Swiss State Secretariat for Economic Affairs (SECO) and the Government of Azerbaijan signed a grant agreement for Corporate and Public Sector Accountability Project (CAPSAP), SECO representative in Azerbaijan Philipp Keller told Trend.
"The agreement was signed last week. SECO has provided a grant of $2 million to finance sub-component of the project, implemented jointly with the Accounting Chamber of the country," said Keller.
The project is funded by WB ($11 million), the Japanese government ($3 million), the Swiss State Secretariat for Economic Affairs ($2 million), and the Azerbaijani government ($8 million). The total project cost is $24 million. A loan agreement for the project was signed in September 2008.
Azerbaijan has already prepared 28 national standards for the commercial sector.
