TODAY.AZ / Business

ACDI/VOCA and Azerbaijan Real Estate Registry Service ink MOU

15 March 2007 [15:56] - TODAY.AZ
On March 15, USAID's SME Support through Financial Sector Development Project implemented by ACDI/VOCA signed a Memorandum of Understanding with the Azerbaijan State Real Estate Registry Service.

Chairman of State Real Estate Registry Service, Arif Garashov, said the main goal and objective of this cooperation is to develop the law on “Cadastre of Real Property” in order to increase the services and effectiveness of the real property registry and rights of property owners in Azerbaijan.

ACDI/VOCA Chief of Party, Muhammad Junaid, added that this assistance will include documenting and clarifying existing problems in registry operations; analysis of the current legislation; study of best practices of the world, as well analysis of appropriate legislation; development of a draft law; development of other normative documents needed to implement the new law as well as presentation of the draft law and explanation of its importance and use; organization of an international conference on immovable property cadastre and real property rights registration; conducting training; publication of articles in the mass media and project newsletters.

The cost of the project will be estimated after assessment within the framework of the memorandum. APA-Economics

URL: http://www.today.az/news/business/37963.html

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