Wednesday, 30 November 2005The World Bank invites all interested organizations, associations and institutions to submit innovative ideas for job creation in the formal sector.
The best proposals from Albania, Bosnia and Herzegovina, Kosovo, Macedonia and Serbia and Montenegro will receive some USD 35,000 per project, through the 2006 West Balkan Development Marketplace (DM) program, the World Bank said Monday in a press release.
The Development Marketplace started in 1998 as an internal Bank competition to fund innovative ideas that were not picked up through the usual funding system. It has evolved into global, regional and local events that have awarded nearly USD 34 million for more than 800 projects over the last six years,
The West Balkan Development Marketplace reflects the World Bank's determination to support employment as one of the biggest challenges faced by all countries in the region.
The West Balkan Development Marketplace 2006 is open to a wide range of people - civil society groups, social entrepreneurs, private foundations, government agencies, academia and private sector. In each of the participating countries, assessment teams comprised of prominent individuals will select finalists. Finalists will then participate in a Marketplace Competition & Knowledge Forum, which will take place on May 17-18, 2006, in Belgrade.
Special consideration will be awarded to projects, which demonstrate the ability to foster employment of youth and regional and/or cross-border cooperation.
The 2006 West Balkan Development Marketplace aims to support innovative and sustainable projects. It will give people the seed funding necessary to turn their job creation ideas into feasible reality. In doing so, the World Bank and other donors will gain valuable insights into providing effective and efficient employment opportunities. Participating countries will also benefit from the new ideas, by replicating successful solutions and learning from neighbors' positive examples.
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Wednesday, 30 November 2005
Macedonian Information Agency-MIA
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