Fostering Interventions for Rapid Market Advancement (FIRMA)

Private SMEs in wood processing, light metal processing and tourism sector have significant potential for growth measured in increase in sales, exports and employment. Through interventions affecting products, productivity, access to market and access to finance, SMEs in targeted sectors will improve their performance and generate growth and economic opportunities.

Fostering Interventions for Rapid Market Advancement (FIRMA)

United States Agency for International Development (USAID) and the Swedish International Development Agency (Sida) through the jointly funded five year project Fostering Interventions for Rapid Market Advancement (FIRMA) supports sustainable economic growth and employment expansion in BiH with a focus on three sectors of the BiH economy – wood processing, tourism and metal processing. FIRMA has principal offices in Sarajevo and Banja Luka.

FIRMA’s overall goal is to help BiH improve “the capacity to cope with competitive pressure and market forces within the European Union”, a critical component of the Copenhagen Economic Criteria for EU accession. FIRMA will do this by working with three sectors of the BiH economy: wood processing, tourism, and light manufacturing. These three sectors, combined, comprise approximately one-fourth of BiH manufacturing GDP and almost 40 percent of its exports.

FIRMA addressed these and other issues, working through local implementing partners to help them identify priority problems and develop the capabilities to carry forward the project’s purposes after it finishes. Critical stakeholders include companies, financial institutions, educational institutions, NGOs, and government agencies. FIRMA will work closely to coordinate its activities with those of other donors, in order to broaden the reach and impact of economic support projects.

The project received a 9-month extension and grant fund of over US$1.7 million, the FIRMA Project supported production, construction, and service and production value chain private sector companies that have suffered damages as a result of the May 2014 floods.


  • United States Agency for International Development (USAID)

    Funding Agencies
    United States | Staff size: Unknown

    USAID is the lead U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.

    U.S. foreign assistance has...

  • Swedish International Development Cooperation Agency (SIDA)

    Funding Agencies
    Staff size: 501-1000

    Swedish development cooperation is part of a global cooperation in which Sweden is one of many participants. In order to carry out its work, Sida cooperates with Swedish government agencies,...

  • Cardno

    Development Consulting, Works & Construction
    Australia | Staff size: 5001-10,000

    Cardno’s nearly 50 years of international development field work have yielded measureable impact and sustainable results across an exceptionally broad portfolio of countries of operation...

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Key Information

LocationBosnia and Herzegovina, Eastern Europe
  • Start Date 2009
  • End Date 2015
  • ValueUSD 868 Thousand