Evaluation - The Challenge in Bosnia and Herzegovina - Final Report
Sida Decentralised Evaluations (Sida Review)
Claes Lindahl , Tamara Ivankovic
This report is evaluating the Challenge, a small pilot challenge fund that the Swedish Embassy in Sarajevo implemented 2013-2015. The total budget was SEK 5 million of which SEK 4.5 million were grants awarded to winning companies in three rounds. The challenge fund targeted micro and small enterprises in Bosnia and Herzegovina (BiH), including start-ups. The fund’s strength is its focus on young, educated entrepreneurs who describe the fund as a hope for them in a difficult context. As such, the Challenge is as much about good governance as private sector development. We believe that the Challenge is a useful and exciting model for Sida and Swedish embassies to be replicated elsewhere.