The European Union funded the Local Integrated Development” (LID) project, which is implemented by the United Nations Development Programme (UNDP) in Bosnia and Herzegovina: it has the aim of supporting technological development and implementation of new investments in small and medium industries. The granting of a loan of 1.6 million is aimed at increasing competitiveness, creating new jobs and widening the market. Ms. Genoveva Ruiz Calavera, Director for the Western Balkans at the Directorate-General for European Neighbourhood Policy and Enlargement Negotiations of the European Commission, said that this plan will allow internal authorities to improve the country’s living standards.
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