Economy and Employment

The interventions in the area of private sector development and an enabling business environment remain highly relevant. They are important for attracting more foreign and local investment necessary for the much needed creation of small and medium enterprises (SMEs) and employment opportunities. Skill mismatch remains one area where Kosovo falls short of the labour market requirements; there is a big and urgent need to equip young people with the skills and competencies required by the labour market. Hence more emphasis will be given to closing these competency gaps.

A dynamic development, especially of the private sector, will generate additional new jobs. The existing vocational training offer in selected sectors will be made more practical and relevant using elements of the Swiss dual-track system and more responsive to the needs of the private sector.

The domain further aims at improving competitiveness of companies through the strengthening of institutional framework conditions, reforms to the financial sector, tax administration and public financial management, making them more efficient and effective.

Domain Goals & Outcomes

The three state powers (legislative, executive and judicial) at central and local levels engage with the private sector and civil society organizations (CSOs) to improve business conditions and create a dynamic labour market that offers employment and business opportunities for all.

The following outcomes are expected:

  • The public and private sectors together with CSOs join forces to improve the business environment leading to the creation of a more dynamic and inclusive market system;
  • Ministry of Labour and Social Welfare and Ministry of Education together with the private sector take affirmative action to address unemployment, especially among the youth in the age group 15-24 with new or improved market-oriented skills, knowledge and working attitudes;
  • Unemployed people actively seek and find decent jobs through formalized job mediation services that offer demand-oriented services and improve the chances of the private sector hiring the right people.

Document showing a household’s budget
CC0

This contributes to good governance and transparency in managing public resources as well as stability in the fiscal policy environment (monetary policy, public finances, banking system).

The SECO’s worldwide engagement

Unemployment and underemployment remain among the most serious development problems facing partner countries of SDC. Only if people have access to productive, reasonably paid employment that enables them to earn an income, can global poverty be sustainably reduced and the Sustainable Development Goals (SDGs) be achieved.

SDC's worldwide engagement