DUSHANBE, November 11, 2009, Asia-Plus — International Finance Corporation (IFC) in cooperation with Swiss Government has launch the project to improve financial market infrastructure in Central Asia and Azerbaijan, Asia-Plus has learned from Ms. Zarrina Odinayev, the project coordinator in Tajikistan.
According to her, the project is designed for three years and the budget for implementation of the project amounts to 2.4 million U.S. dollars. The project is financed by the Swiss State Secretariat for Economic Affairs (SECO).
The main objective of the project is in promoting improvement of financial market infrastructure in Tajikistan, Kyrgyzstan, Uzbekistan and Azerbaijan through creation of an efficient system of exchange of credit information and introduction of professional training and certification in the field of risk management for employees of financial institutions.
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. It fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments.
The Swiss State Secretariat for economic Affairs (SECO) is the federal government”s center of expertise for all core issues relating to economic policy. Its aim is to ensure sustainable economic growth by putting in place the necessary regulatory and economic policy conditions. On the domestic front, SECO acts as an interface between business, social partners and government. SECO also helps to ensure access to all markets for Swiss goods and services and investment. In terms of foreign trade policy, SECO is active in the formulating of efficient, fair and transparent rules for the world economy.
