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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.

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.

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.

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.

Development Credit Authority (DCA)
USAID has partnered with two local banks to provide local financing to private, micro-, small-, and medium-sized enterprises throughout Sri Lanka. This activity will help youth entrepreneurs to access capital, expand businesses, and, ultimately, create more jobs. It will also unlock critical resources that will help spur innovation, foster investment, and provide critical resources to under-served segments of Sri Lanka's economy including existing MSMEs and start-ups.

Last updated: September 11, 2019

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