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SOURCE presentation in Azerbaijan

SOURCE, a global platform for the development and implementation of quality infrastructure projects by public-private partnerships has been presented at the Azerbaijan’s Agency for the Development of Small and Medium-sized Enterprises (SMEs), Azernews portal reports.

The SOURCE platform, managed by the Swiss Sustainable Infrastructure Fund, is currently used in 284 infrastructure projects in 51 countries across the globe. The platform provides online connection to the databases of major international financial institutions around the world and enables countries to effectively cooperate with investors to attract foreign direct investment. The platform also facilitates the formation of a centralized database of potential beneficiary organizations in the country as part of a public-private partnership.

The main task of the SMEs Development Agency is ensuring the succession of reforms, improving the business regulation system, and applying effective coordination, enhancing the role and competitiveness of SMEs in the country’s economy, as well as the compliance of the management system in this area with modern requirements.

The share of SMEs in employment in Azerbaijan was 76% last year, and in recent years, comprehensive work has been carried out for the development of SMEs. In particular, inspections of business entities have been suspended and the process of obtaining licenses has been simplified. The share of SMEs in Azerbaijan’s foreign trade is planned to increase to 40% after 2025.

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