This is what the beneficiaries of SECO projects have to say:
After 2008, I couldn’t get a loan to finance my rapidly expanding furniture factory. When the SECO Start Up Fund stepped in, I was able to continue. Standard AD now employs 360 people.
Director of Standard AD Prnjavor, Bosnia and Herzegovina
Our know-how has been improved through technical reports and exchanges with experts. The Central Bank's capacity to accomplish its main mission has been strengthened.
Deputy Director of the Central Bank of Tunisia
Since Gansu Zhangye Julong has had a reliable power supply, our production has gone up. My salary is now 25% higher.
Worker at Gansu Zhangye Julong Building Material Company, China
Effectiveness is verified …
SECO systematically reviews the effectiveness of its projects. It applies international rules based on causal chain approaches
(Theory of Change model) to assess the progress of its projects and programmes:
1. Service provided
SECO and its partners invest money, time, know-how and equipment in a project.
2. Immediate impact
These investments are used, for example, to produce studies, prepare projects, deliver training, or improve processes,
infrastructure and legislation.
3. Medium-term impact
Improvements are made in the quality of services, offerings, infrastructure and the underlying legislation.
4. Long-term impact
The quality of life of the communities concerned is improved.
… and measured
SECO measures the impact of projects by routinely compiling key figures and evaluating the (interim) results of projects.
Based on this data, SECO then reviews the intermediate status together with its project partners. They discuss the results, challenges and difficulties and decide on any adjustments or improvements.
In independent evaluations, experts verify that the projects have achieved the intended results. They analyse the experience and results from the project, draw up the findings and recommend improvements.
The findings and recommendations are presented in evaluation and accountability reports.