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Economic Growth and Trade

Forging partnerships with small and medium enterprises, USAID’s Economic Growth programs are promoting investments, increasing productivity, strengthening institutional capacity, and improving the business climate in economically lagging regions.  USAID initiatives are also supporting economic reforms through the strengthening of country systems and processes for public financial management, increasing corporate and public interest in corporate social responsibility, and improving the business enabling environment.  With a strong focus on youth, USAID programs are creating youth employment opportunities and developing technical and vocational skills.

YouLead!
The YouLead! project increases youth employability and sustainable self-employment opportunities to foster inclusive economic growth and development throughout Sri Lanka.  The objectives of the program are to:(1) increase youth employability skills in targeted sectors; (2) improve the quality and relevance of technical and vocational education and training delivery; and (3) increase prospects for successful self-employment.

BIZ+
The BIZ+ project creates income earning opportunities, increases household incomes, and kick starts economic growth through enterprise development.  BIZ+ provides 1:1 matching grants as well as technical and managerial assistance to small and medium enterprises in economically lagging regions of Sri Lanka. BIZ+ supports activities that are market-driven and enhances the connectivity between rural and urban areas, so that the benefits of growth are spread island-wide and assist vulnerable populations, including ethnic minorities, ex-combatants, disabled persons, youth, and war widows to improve their lives.

Short-Term Assistance to Improve Public Financial Management Reform (STAIR)
The Short-Term Assistance to Improve Public Financial Management Reform (STAIR) project supports the Government of Sri Lanka (GSL) to strengthen: public procurement systems, parliament’s policy and fiscal analysis capabilities, the GSL’s internal and external audit capacity, and public financial management engagement.  The STAIR project supports the revision of the GSL’s Public Private Partnership Guidelines, the Public Financial Management Bill, and builds the capacity of GSL officials through training on public private partnerships, public procurement, and audit processes.

Supporting Accelerated Investment in Sri Lanka (SAIL)
The Supporting Accelerated Investment in Sri Lanka (SAIL) activity supports the Government of Sri Lanka’s economic reforms designed to improve the business enabling environment.  SAIL also supports government institutions to function effectively as investment promotion agencies.

Stakeholder Collaboration for Sustainable Development (CSR Lanka)
The CSR Lanka activity is helping increase private sector commitment to adopting transformative corporate social responsibility (CSR) practices in Sri Lanka. The project promotes the benefits of applying CSR concepts in corporate business, provides a platform to stimulate and encourage the exchange of best practices, and offers technical assistance and guidance to members on how to develop CSR activities for sustainable development.

Partnerships for Enhanced Engagement in Research (PEER) in Sri Lanka and Maldives
The PEER research grants fund two important projects to develop monitoring tools that can assess the risks of drought and flooding in Sri Lanka and Maldives. These tools can be used to improve regional climate change projections for use in water management policies and disaster management plans.  

Last updated: March 07, 2018

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