The third meeting of the Special Unit of the International Organization of Supreme Audit Institutions (INTOSAI) on the audit of public procurement will be held in Baku in 2016.
According to the report of the Accounting Chamber of Azerbaijan, it was announced in the second meeting in Moscow. Recall INTOSAI was established at the initiative of the Russian Audit Chamber and the Main Control Directorate of the US. Its activities are aimed at developing universal approaches and procedures for the audit of public procurement and are based on the potential of the SAIs that have best practices in this field.
The Special Unit aims to analyze the international experience and methodological basis of the organization and conduct of audit in the area of ??procurement, to develop standards of public procurement on the basis of the results of the international auditing, to work out handbooks on the audit of public procurement in specific sectors and areas, and to create an integrated training base. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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