RECONOMY EaP 2023 - 2026
Contribution ID : SE-0-SE-6-14713This website displays open data about Swedish aid, which shows when, to whom and for what purpose Swedish aid is paid out, as well as what results it has produced. This page contains information about one of the contributions financed with Swedish aid.
RECONOMY for the Eastern Partnership (EaP) Region is a regional program with the objective "Women and youth, in particular, disadvantaged and excluded groups, benefit from improved economic opportunities (better income and decent and green jobs) inclusively and sustainably". The program uses a Market Systems Development Approach. This approach underlines the i...
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RECONOMY for the Eastern Partnership (EaP) Region is a regional program with the objective "Women and youth, in particular, disadvantaged and excluded groups, benefit from improved economic opportunities (better income and decent and green jobs) inclusively and sustainably". The program uses a Market Systems Development Approach. This approach underlines the importance of systemic change: understanding where market systems are failing to serve the needs of people living in poverty, and acting to correct those failings, mainly by creating incentives among the actors in the system to make the system more inclusive. MSD promotes, among other things locally adapted and innovative solutions, adaptive programming and sustainable results at scale. This program is one of two “sub-programs” in one regional program covering both the Eastern Partnership and Western Balkans. Both sub-programs have country windows, one in EaP, Armenia, and one in WB, North Macedonia. Employment and income increases for excluded groups are a key component of inclusive economic development worldwide. In Eastern Europe and the Western Balkans, local welfare is negatively affected by both poverty, brain drain and discrimination against different population groups. Income and employment for development cooperation's target groups counteract these negative trends. In a sensitive transition process from central government to more open economies, the continued willingness to reform is also strongly influenced by the perceived gains from already implemented changes. To stay competitive in global markets, development towards green transition is necessary and therefore also green skills and adapted business models. The program is implemented by Helvetas, a Swiss NGO with experience from working with market system development. RECONOMY is an innovative program in that it uses an MSD approach at the regional level. Often the "Markets" in MSD approaches are limited by national borders. But especially in the Eastern Partnership and in the Western Balkans, this is rarely the case. Various aspects of the market systems cross borders and RECONOMY has a well-developed way of exploiting these opportunities for development. The approach includes: • Common problems – where similar issues exist in different contexts and lessons from one context can be applied in another. • Shared problems – where trade in goods, services, information or other cross borders and present a particular challenge or opportunity and which RECONOMY can address. • Shared solutions – where RECONOMY utilizes knowledge and networks within several related markets to work with the same private sector actors or administrative actors in several countries.
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Result
COP 28 August 2023: The program has not yet submitted a report so it is not possible to provide examples of results for this phase, the main phase. For example of results, please refer to contribution 14073, which is about to be finalized, where an End of Inception Period report summarizes the results from the inception phase.
The original objective of RECONOMY (December, 2022) is: Women and youth, including the most disadvantaged and excluded, benefit from improved economic opportunities (better income and decent and green jobs) inclusively and sustainably. By the end of the project it is expected that a number of women and youth have got additional income and decent and green job opportunities. (Target 25,000 women and youth of which at least 50 % are women and at least 10 % from disadvantaged and excluded groups, at least 30 % green jobs). It is further expected that: The amount of additional investment made by private sector enterprises increase because of changes stimulated by the program (target: CHF 15,000,000.00, TBD green finance) A percentage of private sector enterprises that report higher turnover and/or profit as a result of changes stimulated by the program (target: 40%) Increased number of women and youth with improved skills relevant to market needs (target: 20,000 women and youth, at least 50% women, at least 10% of the most disadvantaged and excluded, at least 30% green skills) Number of women and youth that access and use intermediation services (target: 100,000, 10% disadvantaged and excluded groups) Number of private sector enterprises report better performance as a result of clear and implemented policies/regulations/administrative requirements as a result of the programs facilitation (target: TBD, disaggregated by services and sectors) A percentage of private sector enterprises that report increased economic opportunities and business environment (target: 40%) The amended objectives of Reconomy (November 2023) adds inter alia the following expected results to the overall framework: Impact: Number of women and youth with additional income and decent and green job opportunities [disaggregated by sex and socio-economic status/location/health, and green jobs: Total 3.750, whereas Young men 1.875, Women 1.875, Disadvantaged and excluded 375, Green jobs1.125 Amount of additional investment made by private sector enterprises because of changes stimulated by the program: CHF 5.000.000 where Green finance amounts to a share of 30%.
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