News in English     | 21.03.2021. 22:54 |

USAID and BiH CoM are launching a new Development Strategy for BiH

FENA Press release

SARAJEVO, March 21 (FENA) - The United States Agency for International Development (USAID) and the BiH Council of Ministers are launching a new five-year Development Strategy to support BiH's economic and democratic development.

In accordance with the new Strategy for Development and Cooperation with BiH, which was approved by the USAID headquarters in Washington at the end of last year, USAID will lead activities and investments in Bosnia and Herzegovina until 2025.

The goal of the Strategy is to help the citizens of Bosnia and Herzegovina to demand a more responsible government, participate in strengthening the legitimate economy, and value and promote an inclusive society.

"The strategy will help the citizens and authorities in Bosnia and Herzegovina to approach the next five years when BiH will fully rely on its own forces and be able to address its own development challenges," said the USAID Mission Director in BiH Nancy J. Eslick.

She pointed out that the goal of all US foreign aid is for countries to stand on their own two feet and become development partners of the United States and other allies.

The BiH Council of Ministers Chairman Zoran Tegeltija expressed satisfaction with the cooperation with USAID.

"Bosnia and Herzegovina is ready for full cooperation with USAID in order to accelerate economic growth, improve public financial management and strengthen efforts in the fight against human trafficking," said Tegeltija.

He added that the BiH Council of Ministers is grateful for this new, five-year commitment and looks forward to even greater future development and cooperation with the United States.

The new Development Strategy replaces the one from 2012, which ended last year.

The strategy essentially functions as a roadmap for USAID and the BiH authorities in achieving the strategic goals outlined in the document.

The projects created by USAID for the period of the new Strategy are aimed at achieving specific project goals and broader strategic goals of USAID.

For example, USAID's new Sustainable Tourism Development project, officially launched in January this year, will help BiH develop a stronger tourism industry and meet one of the Strategy's goals: helping citizens participate in a robust, lawful economy.

The strategy was developed by USAID BiH in consultation with a wide range of stakeholders in BiH, including government officials, civil society, the private sector and others.

The full Strategy is available at: http://bit.ly/2LxRWZ6.

USAID reminds that this year USAID and BiH are celebrating 25 years of partnership. To date, the US government, primarily through USAID, has provided USD 2 billion in assistance to support economic, democratic, and social progress in BiH.

The US Agency for International Development is leading the US government's efforts to stop extreme poverty and promote resilient, democratic societies, USAID said.

(FENA) S. R.

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