Inclusive market development for urban and rural prosperity. Elisabet Montgomery, Senior Policy Specialist for Employment and Market Development at Swedish Agency for Development Cooperation, Sida

1. Sida’s work on Market Development
Elisabet Montgomery
Senior Policy Specialist Market Development and Employment
31 January 2024

2. Entry point for Sida’s work in
Market Development
• People living in poverty are:
• economic actors
• dependant on functional and inclusive markets
• Sida works for:
• inclusive, functioning market systems and a vibrant
private sector so that
• people living in poverty can fully participate, contribute to
and benefit from economic development

3. POVERTY
REDUCTION
ECONOMIC DEVELOPMENT HAS TO BE INCLUSIVE
- Productive and decent
work
- Inclusive markets and
trade, value chains,
financial services
- Responsible business
- Inclusive financial
services
- Social protection
- Women, youth, rural,
migrants, pwd, vulnerale
- Informal workers and
businesses
- Post-pandemic groups –
urban poor
ECONOMIC
DEVELOPMENT

4. Green transition –
impact on economic opportunities and jobs
•New
economic
opportunities
will be
created
60 million jobs by
2030, new
technology,
business models
•Some jobs will be
substituted and
redefined
In the transport &
waste sectors for
instance
•Some sectors will be
eliminated
•Green sectors will
appear
•Greening sectors
necessary
Carbon-intensive
industries
Vs. renewable
energy
Climate smart
agriculture

6. Local
market/
retail
Export
market
Inputs Processing
B
o
r
d
e
r
Infrastructure
(roads, electricity,
ICT, storage)
Financial
services
Technology
Skills and
capabilities
Post
harvest
Support services
(mk. info, business
development, marketing)
SUPPORTING
FUNCTIONS
Standards
Trade related
regulations
(custom procedures,
licences, techical
regulations, SPS etc)
Quality
infrastructure
Financial
regulations Other agri or
business related
regulations
Cultural norms
(business and
social)
RULES &
REGULATIONS
B
o
r
d
e
r
Import
market

7. New steering from government
Reform agenda – development cooperation for a new era
• Synergies development cooperation and trade
promotion
• Economic development in focus: job creation,
markets and trade (incl. education and skills)
• Market development and local markets
• Capacity for participating in international trade
• Business and investment climate
• Self-employment, agriculture, entrepreneurship,
innovation
• Women’s economic empowerment
• Collaborate with local and Swedish private sector, use
Swedish resource base, Swedish interests