More and better jobs are key to generating inclusive economic development. Apart from a business-enabling environment, companies also need investment capital and skilled workers if they are to create employment. The jobs created should meet certain requirements and offer safe and dignified working conditions. SECO is working on employment through the following three priority areas:
- Promoting entrepreneurship: The private sector creates 90% of all jobs worldwide and plays a major role in reducing global poverty. Dynamic and growth-oriented entrepreneurship needs specialised know-how and skilled workers. Switzerland has a successful vocational training system based on the cooperation between vocational schools, firms and the state. Partner countries can learn from this experience.
- Facilitating access to finance: Businesses need access to long-term capital if they are to invest, expand and move into new markets. In doing so, they also create employment. Small and medium-sized enterprises (SMEs) need reliable financing partners to guarantee investment capital on affordable terms.
More information is available here