Sustainable Development through Economic Governance
SECO promotes economic governance in all its projects, supporting its partner countries in establishing transparent economic framework conditions and accountable institutions.
Economic governance refers to the systems, rules, processes and institutions that form the general framework for economic activities in the public and private sectors. Good economic governance encompasses principles such as transparency, accountability, non-discrimination, effectiveness, participation and the rule of law. It is essential for a stable growth-and-jobs-creating economy and the successful fight against corruption.
At international level, organisations such as the International Monetary Fund (IMF), the World Bank Group (WBG) and the World Trade Organization (WTO) are committed to shaping the global economy according to the principles of good economic governance.
SECO is committed to creating transparent, responsible and efficient economic processes in its partner countries.
SECO promotes better economic conditions such as transparent public finances, efficient markets and reliable public services at national and local level in its partner countries. This also benefits the private sector, which is essential for sustainable growth and poverty reduction. In addition, SECO is committed to creating a favourable business environment by supporting businesses in assuming their social responsibility and complying with environmental and labour standards.
SECO activities in the area of good economic governance:
- Growth-promoting economic policy
- Innovation-friendly business environment
- Corporate Social Responsibility