| Economic Cooperation/PSOM Programme |
| The Programme for Co-operation with Emerging Markets (PSOM) is a Dutch governmental programme that aims at encouraging Dutch investments in emerging markets in Eastern Europe, Africa, Asia, Middle East and Latin America. PSOM entails two programmes: PSOM-EZ and PSOM-OS. PSOM-EZ was formerly known as PSO (Programme for Co-operation with Eastern Europe) and is financed by the Netherlands Ministry of Economic Affairs, Directorate General for Foreign Economic Relations. PSOM-OS was formerly known as PSOM and is financed by the Netherlands Ministry of Foreign Affairs, Directorate General for Development Co-operation. Because the two programmes are very similar, the two Ministries have decided to integrate the two programmes into one, and to eliminate the differences in application and implementation procedures as much as possible. PSOM stimulates pilot investments in the private sector and promotes long term trade relations as the driving force behind sustainable economic development in countries in transition and developing countries. Investments generate employment, income and knowledge transfer, and strengthen the local private sector. Because this contributes to poverty alleviation, the Ministry of Foreign Affairs (Development Co-operation) invests in PSOM. The Ministry of Economic Affairs aims not only at stimulating economic development, but also at the positioning of Dutch companies on these markets. PSOM finances projects to ease some of the initial risks that companies will face when investing in these countries. A typical project involves a mix of hardware supply and installation, knowledge transfer and project management. EVD is an agency of the Netherlands Ministry of Economic Affairs and implements the PSOM programme on behalf of the Ministries of Foreign Affairs and Economic Affairs. Companies selected as contractor for a project will therefore enter into a contractual agreement with EVD. The legal basis for the programme is provided by Memoranda of Understanding (MoU) between the Dutch government and the governments of the recipient countries. The Serbian co-ordinator of the PSOM program in the Ministry of International Economic relations is Mr. Dejan Gojković, Phone: + 381 11 3346 644,  dgojkovic@mier.sr.gov.yu.And the Montenegrin co-oedinator in the Ministry of International Economic relations and EU integration is Mr. Samir Hadžić, Phone:+ 381 81 224 439. Contact person in EVD Mr. Johan Veul, veul@evd.nlwww.evd.nl/psom |
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