Inclusive and sustainable growth for human development

Inclusive and sustainable growth for human development

Poverty reduction through more inclusive and sustainable economic growth in Latin America.

Specific objectives:

  • To improve the policy framework for business, trade and investment, promote economic diversification, sustainable use of natural resources, and low-emission11 and improve integration of national economies into regional and international markets with a focus on micro, small and medium-size enterprises (MSMEs).
  • To increase the competitiveness of the private sector and the proportion of economic actors in the formal economy, particularly for MSMEs, increasing job opportunities and decent work, including in environment-related sectors to increase social cohesion.
  • To improve the quality of technical education and employability by better linking vocational education and training to the demands of the labour market, and promote decent work. Promote low-emission, climate resilient and environmentally sustainable investments.

Lines of action:

  • Activities involving business membership organisations (BMOs) - such as chambers, associations or cooperatives - which are well-placed to respond to the actual needs and  demands of MSMEs; and, where relevant, also with public-sector bodies; policy support on questions like investment, regulatory and business environment, innovation, corporate social responsibility, social and environmental sustainability, eco-entrepreneurship, etc. In order to reduce informality and social exclusion the EU will work with BMOs to support informal MSME capacity development and with public authorities in the exchange of experiences and knowledge sharing on public policies.
  • Activities focusing on trade facilitation, intra-regional and international trade, including implementation of trade agreements and support to ongoing negotiations, going beyond border management and customs, to cover also legal and regulatory adjustments, in all relevant areas, for example, customs, standards, intellectual property rights, and trade and sustainable development provisions. It will be of utmost importance to ensure private-sector participation, although primary counterparts of the actions envisioned under this component would be public administrations at national and regional level. Activities should address the overall enabling environment and/or specific value chains especially those with links to the European market, including for investments in low-emission technologies; support should take account of other relevant initiatives such as the Extractive Industries Transparency Initiative (EITI).
  • Strengthening and integrating vocational education and training (VET) into national education systems, according to regional development priorities, thereby strengthening both competitiveness and social inclusion. This could encompass strategies on how to effectively link VET to the labour market for both the formal and informal sector, where possible with inclusion of social partners, as well as on how to promote decent work .Specific attention should be given to improving insertion of disadvantaged groups and minorities in the labour market.
  • Attention should also be given to the economic empowerment of women and young people, and their participation in remunerated activities.
  • Initiatives in this field will be directed to increase social cohesion taking into account territorial inequalities and disparities.

Programmes under this theme: