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SECO

Name of the organization

The State Secretariat for Economic Affairs

General information about the organization

·         The State Secretariat for Economic Affairs (SECO) was established in 1992 and its headquarters are located in Berne.

·         SECO operates in 24 countries.

·         Helena Budliger-Artieda has been SECO Director since August 1, 2022.

·         SECO's mission is to plan and implement economic and commercial criteria for emerging economies in Eastern Europe and Central Asia, as well as new members of the European Union.

Information about cooperation between Azerbaijan and the organization

·         Cooperation between SECO and Azerbaijan was established in the mid-1990s. Bilateral technical and financial cooperation projects have been implemented since 1998.

·         SECO's program on Azerbaijan covers infrastructure, private sector development, policy advice and capacity building.

·         To date, more than 91 projects have been completed in Azerbaijan, including regional projects.

·         Currently, 7 projects are under implementation in these mentioned areas.

·         Current projects:

-      Financial sector modernization program, phase 3;

-      Global Tax Fund phase 2;

-      Bilateral assistance and capacity building program for central banks phase 3;

-      Debt management and financial analysis system;

-      Capacity building for the medium term expenditure framework;

-      Global Financial Infrastructure Programme phase 2;

-      Digital Financing Services and Embedded Finance.