Reducing poverty and overcoming global challengesSECO’s economic development cooperation
Using Peruvian taxes responsiblyA state must be able to mobilise tax revenues and use them transparently.
For instance, hundreds of employees in the public sector have completed specialist degrees in managing public finances. Public prosecutors, investigators and members of the judiciary received training on how to track down stolen public assets and investigate accusations of corruption.
Growth-promoting economic policy
Conducting trade and reducing povertyIn a global economy, it is vital that companies are able to trade their goods.
In 2017, the World Trade Organization (WTO) launched a trade facilitation agreement. The goal of the agreement is to reduce bureaucracy and facilitate access to global value chains. According to the WTO, it has the potential to reduce global trading costs by an average of roughly 14 percent and to increase the annual trading volume by up to 1 billion dollars. The poorest countries will benefit the most from this – provided they fully implement the respective measures.
«This is helping us on our way to becoming a modern, efficient and transparent organisation, in turn creating a more agile trading environment and greater competitiveness.»
Ingrid Diaz, Director customs administration
«The workshop boosted my skills as a manager and it’s helping me to drive forward reforms to facilitate trade. »
Marilú Llerena Aybar, Deputy Head customs administration
Rules-based trade system
Exploiting entrepreneurship and creating jobsFor companies to become more productive and grow, they need an innovation-friendly business environment.
«I was so impressed by Claudia’s dedication, perseverance and belief that I decided to invest 50,000 US dollars in her company myself.»
Amparo Nalvarte, Entrepreneur
Innovation-friendly business environment
With the cable car through Bogotá without traffic jams Cities drive the economy: they generate 80 per cent of global economic output.
Urban development and infrastructure services
Investing in South-African solar energyIn developing countries, it is often difficult for companies to obtain financing.
Companies need sound and long-term financing solutions. Then they can invest, tap into new markets and create decent employment opportunities.
SECO cooperates with the Swiss Investment Fund for Emerging Markets (SIFEM), the development finance institution of the Swiss Confederation created in 2011. It provides long-term financial support to established SMEs and fast-growing companies in the form of shareholdings, loans and expertise.
Until 2019, SIFEM, together with its co-investors, had succeeded in creating or maintaining around 830,000 jobs.
Swiss Investment Fund for Emerging Markets SIFEM
«SolarAfrica always offers electricity rates that are lower than those of the public utility company. And we have absolutely zero investment costs.»
Jeffrey Hurwitz, Hotel Director
Access to financing
Better gold from South AmericaSECO helps entrepreneurs in developing countries integrate into the global economy and take part in value creation.
Integration in value chains
Better working conditions in the textile industrySECO helps employers run their businesses responsibly while taking into account social and ecological aspects alongside economic considerations.
«We discuss specific opportunities for improvement in regular meetings with management. I see the effort management is making to create a more pleasant and safer workplace.»
Hoang Thi Thuy, Seamstress
Better Work brings together factory owners, trade unions, governments, and global brands on regional, national and global levels to improve working conditions in supply chains. At the same time, it helps factories to meet the requirements of international buyers in order to compete on the global market.
Corporate Social Responsibility
Dual vocational education in IndonesiaCompanies depend on a highly trained workforce in order to remain competitive in a globalised economic environment.
A skilled workforce will help companies to grow and create more jobs and economic opportunities, so people do not see themselves forced to emigrate. This is why SECO is involved in the training and further education of skilled workers in higher vocational education.
«I improved my technical skills during an internship in an industrial company. I learned how to tackle problems with a solution-oriented approach and how to take responsibility within a team. And the allowance relieves my parents’ budget!»
Subhan Ali, Student at the Morowali Polytechnic, Central Sulawesi
The key to strong multilateralismInternationally coordinated action is needed to tackle global challenges such as poverty, inequality, climate change, economic and financial crises, migration and epidemics.
Multilateral development banks are indispensable partners for Switzerland’s international cooperation. They are broadly positioned and have the necessary expertise, tools and financial resources. They replicate projects on a large scale and support governments in drafting and implementing policies through policy dialogue. Switzerland contributes its expertise and innovative approaches to this effort.
As a shareholder, Switzerland shapes, together with other countries, the strategic, institutional and operational direction of development banks, including on issues such as capital increases and the multilateral COVID-19 response.
The International Development Association (IDA) is the World Bank’s fund for the World’s poorest countries. Among other things, IDA mobilises private sector investments by mitigating risks. The private sector is key to achieving the sustainable development goals.
The support provided to IDA currently represents Switzerland’s largest financial contribution to a development fund.