USAID Economic Security Program Launched to Facilitate Development of Business Sector in Georgia
On June 7, USAID Georgia Economic Security Program was officially launched. This five-year program aims to foster broad growth of micro, small, and medium enterprises (MSMEs) outside of agriculture that show strong potential to create jobs, increase income, and support diversification to ensure more productive economic activities in various sectors including tourism.
Genadi Arveladze, Deputy Minister of Economy of Sustainable Development, and Peter Wiebler, USAID/Georgia Mission Director, opened the launching event. Mark McCord, Chief of Party, USAID Economic Security Program delivered a presentation introducing the program.
As part of the launching event, the panel discussion “Competitiveness 2.0: Achieving Self-Reliance through Investment and High-Value Employment” was held. With Mark McCord as the moderator, Peter Wiebler, Aleksi Aleksishvili, Chairman and CEO at PMCG, R. Michael Cowgill, President at American Chamber of Commerce Georgia, Jenner Edelman, Resident Country Director at Millennium Challenge Corporation, and Mariam Sumbadze, Head of Business Development at Georgia-Alpha Technologies Group, shared their views and experience regarding the topic.
“As this program aims to give the private sector a leading role through applying a facilitative value chain development approach, it will result in self-reliance and economic sustainability that is key to Georgia’s economic success,” said Aleksishvili.
The program is being implemented by DAI Global, with support from partner organizations – PMCG and Solimar International. The collaboration will be focused on scaling up the economic impact through synergy, strategic partnerships and investments as well as building collaborative alliances within and between the private sector, government, and civil society.
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