The Regional Challenge Fund (RCF) aims to strengthen the labour market relevance of vocational education and training by funding investments in equipment and infrastructure for training providers that engage in cooperative training activities with partnering enterprises.
Youth unemployment, combined with a lack of skilled labour among the enterprises, characterise the economic situation in the Western Balkans. Hence, the aim of the Fund is to increase the employability of VET students by reinforcing a cooperative training approach in the economies of the Western Balkans 6: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia.
To find out more about the RCF click here.
Since its founding in 1948, KfW (German Development Bank) has remained true to its mission of supporting change and encouraging forward-looking ideas – in Germany, Europe and throughout the world. The projects and programmes promoted by KfW Development Bank are proposed by the governments of the partner countries, so that the respective country’s development strategies and structures form the basis of cooperation.
The Fund is executed by the Western Balkans 6 Chamber Investment Forum (WB6 CIF), a joint initiative of chambers of commerce from Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro and Serbia. The chambers established a platform of cooperation in 2017 with the aim of providing a joint voice to the business community in the region, facilitating inter-business contacts and promoting the region as one investment destination.