8 December 2009
WYG International is helping Bosnia and Herzegovina move closer towards joining the European Union following a €2.4m contract funded by the EU.
The award-winning consultancy is supporting pre-accession measures and assisting regional and local development to stimulate the Small Medium Enterprise (SME) sector.
The EU’s Instrument for Pre-Accession Assistance (IPA) assists countries whose eventual aspiration is to join the European Union, using lessons learnt from previous external assistance and pre-accession instruments. Vital elements in these preparations are the laying of foundations to stimulate economic growth and generate employment opportunities, thereby contributing to the creation of a basis for sustainable development and economic and social cohesion within an EU context.
Keith Cook, Director of WYG International Socio-Economic Programmes, said:
“WYG International is well-placed to deliver this project having extensive experience in regional, local and private sector development and we are delighted to be able to strengthen our regional standing in the Western Balkans by delivering another project in Bosnia and Herzegovina.
This three-year EU-funded project will strengthen links and relationships between the country’s network of Regional Development Agencies (RDAs), establishing the structures and procedures they need in order to provide coherent and consistent services to the SMEs they support. WYG will provide consultancy and training to five RDAs to develop and manage their business support infrastructures, attract foreign investors, increase their capacity to support municipalities and raise their profile both within Bosnia in Herzegovina and internationally.
Keith added: “Previous international donor investment and assistance in regional and local economic development has been effective by establishing operational RDAs; now this work can be built upon in the context of local and regional development and SME strategy, legislative and regulatory structures.”