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Bond Markets A USAID guarantee supported the first municipal bond issuance in Serbia, a historic step in the development of local capital markets. The $48 million bond will raise funds for road construction and a wastewater project. Youth A $2.1 million guarantee will support lending in Kosovo to create jobs and foster an entrepreneurial culture for Kosovo’s youth.

2011 Guarantee Highlights

Arab Spring Political upheaval and uncertainty following the Arab Spring made conservative banks in Egypt even more reluctant to provide loans to small and medium sized businesses. A $34 million guarantee will mobilize local lending for businesses that will drive Egypt’s growth.

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Environment A $17.2 million guarantee in Guatemala will strengthen access to finance for forestry enterprises, all of which will have to adhere to Rainforest Alliance’s Sustainable Forest Management practices.

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Collaboration USAID, J.P Morgan, the Gates, Rockefeller, and Gatsby Charitable Foundations, announced a $25 million investment in a private equity fund to support small agriculture enterprises in East Africa. A USAID guarantee will back an $8 million commercial loan from J.P Morgan’s Social Finance Unit.

Microcredit $1.5 million in joint guarantees from Grameen Foundation and USAID will enable a Peruvian savings and credit cooperative to support $3 million in local currency financing for two Peruvian microfinance institutions.

PEPFAR USAID and the U.S. Global AIDS Program, PEPFAR, partnered to unleash $13.5 million in private capital for AIDS relief in Ethiopia.

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Education USAID launched a credit guarantee that will make available $5 million in local private capital to support student loans for Indonesian students over the next 20 years, including those interested in studying in America.

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View all of our 2011 Activity Online

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Food Security A $4.5 million guarantee in Kenya will support food security by increasing access to finance for small enterprises in agriculture value chains. In 2011, 14 DCA guarantees totaling nearly $74 million were established to make the world more food secure.

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Guarantee with a Sharia Lender A $1.15 million guarantee with Indonesia’s oldest sharia bank will provide financing for low-income Indonesian women to run their own businesses, marking USAID’s first-ever guarantee with a sharia compliant institution.

USAID provides business guidance to Abe and shares risk with the bank if Abe cannot repay his loan.

Profile for Morgana Wingard

USAID DCA Impact Brief  

USAID's Development Credit Authority allows USAID to mobilize local financing to support the development objectives of the U.S. government t...

USAID DCA Impact Brief  

USAID's Development Credit Authority allows USAID to mobilize local financing to support the development objectives of the U.S. government t...

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