Core area “Training and sustainable growth for decent jobs” Increasing competitiveness, promoting local development
In order to promote a social market economy in Bosnia and Herzegovina, the German government is supporting local and regional private-sector development and self-government. As part of these efforts, Germany continues to provide advice to the regional development agencies.
At the regional and local levels, Germany has development cooperation programmes with the economic development organisations of several municipalities. Based on cooperation between local authorities, industry federations and businesses, strategies are being developed to make the locations in question more attractive for business activities.
Small and medium-sized companies play a pivotal role for the local economy as they create or preserve urgently needed jobs. Together with the EU, the BMZ is supporting the competitiveness and operational continuity of such companies, especially in the export-oriented timber, metal and tourism sectors. Companies receive support for diversifying their business fields and models, digitalising business processes and collaborating with investment partners; they also benefit from efforts to improve the overall environment.
In cooperation with the Swiss Agency for Development and Cooperation (SDC) the BMZ promotes the legal and institutional integration of dual vocational training in structures and processes of vocational training actors. Policy advice, involvement of the private sector, capacity building in vocational colleges, school authorities, chambers, associations and companies that train apprentices help to align vocational training with the needs of the labour market and improve job prospects for young people.