Switzerland to finance project on Finance and Advice for Small Businesses in Azerbaijan

The Swiss State Secretariat for Economic Affairs (SECO) has recently decided to finance a project on Finance & Advice for Small Businesses in Azerbaijan, Report informs, citing the Swiss Embassy to Azerbaijan.

SECO will allocate CHF 2 million ($2,25 million) to this project, that will run until 2027. It will be implemented by the European Bank for Reconstruction and Development EBRD Advice for Small Businesses in Azerbaijan via its Small Business Impact Fund (SBIF) and aims at supporting small and medium enterprises with advisory and outcome-linked financing.