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SABIT > History of SABIT
The Special American Business
Internship Training Program was
initiated by former Secretary
of Commerce Robert A. Mosbacher
during a September 1990 Presidential
Business Development Mission to
Moscow. It followed up on a pledge
made by President Bush at the
1990 Malta Summit to support the
Soviet Union's transition to a
market economy.
Since the breakup of the Soviet
Union, the program has been called
the Special American Business
Internship Training Program and
has received funding through the
FREEDOM (Freedom for Russia and
Emerging Eurasian Democracies
and Open Markets) Support Act.
SABIT supports the U.S. Government's
strategy for assistance to Eurasia
by providing U.S.-based, hands-on
training and technical assistance
to business executives and scientists.
As a result of this training,
long-term business partnerships
between U.S. and Eurasian companies
are forged, creating jobs and
investments both here and abroad.
SABIT works from its headquarters
in Washington, D.C. and its three
regional offices in Kazakhstan,
Ukraine, and Russia. SABIT
has emerged as a leading technical
assistance provider driving public-private
partnerships between the U.S.
and Eurasian business communities.
SABIT is structured to respond
rapidly to the changing needs
of its U.S. and Eurasian clients.
This is reflected in the evolution
of the SABIT Program to accommodate
U.S. interests and the dynamism
of the Eurasian business climate.
SABIT has conducted several outside
evaluations of its programs. All
have offered favorable assessments
of the Program's activities. Through
these evaluations and its own
monitoring and evaluation process,
the Program ensures that its funds
are used efficiently. This process
allows SABIT to meet the high
expectations of all its stakeholders
both in the United States and
abroad.
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