Corporate
The private sector brings capital, global reach, visibility, greater impact, increased scale, and promotes private sector-led economic growth that help improve incomes and reduce poverty.
Collaborating with the business community brings forward new solutions to age-old global development challenges. For example:
- Building public-private partnerships to help lift farmers from poverty while strengthening a company like Walmart’s supply chain.
- Providing IT education to local entrepreneurs who in turn will create small businesses and markets for U.S. products.
- In Kenya our Development Innovation Ventures (DIV) fund is supporting Sanergy, an ingenious social enterprise started by MIT MBA graduates. Sanergy has pioneered a sustainable sanitation solution in Kenya’s urban slums that converts waste to organic fertilizer and biogas energy – for a profit.
- USAID’s Development Credit Authority (DCA) is encouraging the flow of local private capital in Egypt with a $34 million credit guarantee that will mobilize capital for small businesses to spur economic growth following the turmoil of the Arab Spring.
- In Rwanda, we cut the time it takes to register a business from 18 to three days and reduced fees by 95 percent.
We are committed to improving the business environment in developing countries; helping companies find profit opportunities abroad; and making markets work for the poor.
Contact us at globalpartnerships@usaid.gov for more information.
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