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Diane Publishing Books
Enterprise Funds: Egypt and Tunisia Funds Are Established
David Gootnick (au)
In the wake of the economic and political transitions associated with the ńˇýArab Spring,ńˇŁ Congress authorized the creation of enterprise funds for Egypt and Tunisia in 2011. The Egyptian-American Enterprise Fund (EAEF) and the Tunisian-American Enterprise Fund (TAEF) aim to develop the private sector in these countries, particularly small and medium-sized enterprises (SMEs), through instruments such as loans, equity investments, and technical assistance. The U.S. Agency for International Development (USAID) signed grant agreements with both Funds in 2013 and has thus far obligated $120 million to EAEF and $60 million to TAEF. This report examines (1) the status of the Funds' investments; (2) the Funds' progress in establishing key management structures to support their mission and operations; and (3) the extent to which the Funds have complied with requirements in the grant agreements. Tables and figures. This is a print on demand report.
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