UNDP supports employment in Federation BiH

UNDP supports employment in Federation BiH

Representatives of UNDP Mission in BiH and Federation BiH Employment Institute signed a Memorandum of Understanding, aimed at strengthening inter-agency cooperation on job creation and labor market-driven skills development.

In the UNDP press release is stressed that it is expected that this cooperation will directly contribute to the further development of entrepreneurship and improvement in employment prospects for job seekers currently on the labor market.

“The focus of cooperation will initially be placed on utilizing the employment potential of start-ups and export-oriented companies in the Federation of Bosnia and Herzegovina”, said UNDP in the press rečease.

Through its focus on vocational training, the partnership will also contribute to the implementation of the BiH Reform Agenda, by addressing the pressing need to respond to calls from employers to reform the labor market, thus making it more efficient and private sector oriented.

“UNDP BiH is heavily involved in economic development in BiH, and our results speak for themselves – more than 5 000 jobs have been created and retained since 2015 with more than 150 businesses assisted”, said Mr. Sukhrob Khoshmukhamedov, UNDP BiH Deputy Resident Representative.

He praised the work of the FBiH Employment Institute in providing long-term, sustainable employment opportunities and noted the good work that the Government of the Federation BiH is doing in creating a more business-friendly environment for employers in the entity.

The trainings, implemented as results of cooperation between UNDP BiH and  FBiH Employment Institute, will contribute to  closing skills gap and increase employment in local communities.

“The signing of the Memorandum of Understanding opened the door for cooperation with UNDP in BiH, and our joint work on projects that will benefit primarily the unemployed, but also employers and all those who would need support in the creation of new jobs”, said Ms. Helena Lončar, FBiH Employment Institute Director.

The signing ceremony was also used as an opportunity to discuss some of the more common barriers to doing business in BiH, to include access to finance as well as a chronic shortage of skilled workers. The partners, said UNDP in press release, agreed that coordination of efforts and joining of resources are critical prerequisites in tackling unemployment as one of the biggest issues the country is facing today./ΙΒΝΑ