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Private Sector

Assistance to the development of the private business sector in the Czech Republic was one of the key elements of the SEED-funded USAID assistance program in the country.

Czechs and Americans formed cohesive partnerships, developed negotiating skills, shared knowledge and gained cross cultural insights.

By the end of 1996, the programs yielded the following results:

• Over 1,200 privatization and acquisition plans were reviewed.
• Over 130 foreign investor transactions were documented, negotiated and closed with a transaction value exceeding US $4 billion.
• Over 20 major transactions were concluded with US corporations with a total value of $20 million.
• Models of international standard information memoranda and tender documents were designed and tested and are now in routine use by the Czech Republic.
• Creation of an asset-recovery department and an investor/purchaser compliance department both organized and facilitated the work of the National Property Fund.

For more information on the private sector in the Czech Republic, please see the USAID mission’s closeout report “Partnership for Change”.

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