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Private Sector Development

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Private sector development (PSD) is a key precondition for increasing the competitiveness of all the economies of the Western Balkans.

The development of the private sector is linked to a number of policy areas including enterprise policy, public administration reform and infrastructure development. The importance of economic governance and structural reforms to provide greater investor confidence has been emphasised by the European Commission on numerous occasions and includes issues such as competitiveness, small and medium-sized enterprises (SMEs) policy and financing, human capital development and research and innovation.

The Western Balkans Enterprise Development & Innovation Facility (WB EDIF) is an EU-funded initiative aimed at improving access to finance for SMEs in the Western Balkans, helping to develop the local economy as well as the regional Venture Capital markets. It promotes policy reforms to support access to finance through financial engineering instruments.

WB EDIF is the first regional initiative in the private sector development area channelled through the Western Balkans Investment Framework. Approximately EUR 275 million of capital pulled together under this Facility by the European Commission, Financial Institutions, governments of beneficiary economies and bilateral donors will translate into over EUR 715 million of financing available for SMEs in the region.

Sweet success in Bosnia and Herzegovina. (c) EBRD

How innovation boosts sales in Serbia. (c) EBRD

Links

Launch of the EU-funded EBRD SME Competitiveness Programme in Serbia

Building the Future of SMEs in the Western Balkans

How EDIF can help: BG Reklam, a Serbian SME Success Story

WB EDIF Guarantee Facility – New Funding Opportunities

€48 Million Pledged to the Western Balkans Enterprise Development and Innovation Facility

Private Sector Development in Focus

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