Project Description

Establishment of a regional economic development agency for the Central BiH region.

  • Financed by: Sida (Swedish International Development Agency)
  • In the period: 2004-2006

Overall objective

Complement the EU Regional Economic Development program (EU RED) implemented by CHF International.

Specific objective

Support the establishment of a regional economic development agency for the Central BiH region as one of the 5 regions defined under the EU programme.

Achieved results

  • In the partnership with EU RED, the comprehensive and clear vision of the regional economy was created.
  • Raised awareness about the importance of entrepreneurship through the business development training programmes.
  • Financial resources for regional and local economic initiatives through market linkages and direct grants used for the establishment of the Regional Development Fund.
  • Enabled a significant impact on the economical, political and legislative reforms.
  • The Agency has received an excellent service delivery tool, which has been afterwards used as direct impact on efficient operations of the municipalities from the region.