Azerbaijan and Switzerland signed agreement on capital market modernization. As Azerbaijani sources report the main goal of the agreement is release of assistance on two components. The project is to ensure necessary technical and organizational support for the implementation of state program on developing financial market for the period 2011-2020.
Chairman of the Azerbaijani State Committee for Securities Rufat Aslanli said that recently the country achieved several successes in the economy and this project would develop the successes more.- reports APA News Agency. Needs to be recalled that Swiss State Secretariat for Economic Affairs has recently provided 1.6 million U.S. dollar assistance to Azerbaijan. On the other hand World Bank assistance to the country has comprised about 12 million U.S. Dollar carried out through IBRD framework.
