Adviser sought for financial reform mandate

13 August 2004
The EU has given regional and European companies until 19 August to express interest in a contract worth Eur 8 million ($10 million) to advise the Finance Ministry on financial sector reforms. The 42-month contract will cover policy advice and training in three areas: direct and indirect taxation; state budgeting; and accounting and customs. Main activities will consist of policy advice, training and system development.

Up to eight companies will be invited to bid by the end of September for the contract, which is scheduled to start in January. The award is subject to the conclusion of a Eur 53 million ($64 million) financing agreement, under the EU's MEDA economic development programme, expected to be signed in October between Brussels and Damascus.

The agreement also covers a Eur 6 million ($7 million) grant to modernise the country's banking sector, a Eur 21 million ($25 million) grant to develop vocational training in the textiles sector and a Eur 18 million ($22 million) grant to modernise six city administrations (MEED 18:6:04).

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