The Fund achieved an extraordinary financial return, the balance of which will continue to promote private sector development by providing grants in areas such as education for sustainable development, entrepreneurship, leadership development, and cultural tourism in Albania.
Over the last twenty years, the USAID Bureau for Europe and Eurasia has established ten Enterprise Funds covering 18 countries to sustain and strengthen development achievements. In all, the Funds have leveraged almost $9 billion - nearly nine times the initial U.S. investment. These innovative funds, like the AAEF, are able to achieve major development outcomes with a sustainable impact, while also giving American taxpayers some return on their investment.
For more information visit www.usaid.gov.
Original Article: http://www.goodnewsnetwork.org/most-popular/albanians-return-15mil-grant.html