U.S. Agency for International Development (USAID) Administrator Samantha Power formally launched the Guatemala Entrepreneurship and Development Innovation initiative, an almost $39 million alliance with international and local private sector partners to scale technology-driven, market-led solutions to critical development challenges throughout the country.
Under this initiative, USAID and the private sector will support entrepreneurs and businesses to increase access to renewable energy and improve agriculture, water and sanitation, health, and education in regions with high levels of out-migration.
USAID will also facilitate access to finance and other support for small and growing businesses through incubators, accelerators, and private financial institutions, and will promote and strengthen local and international investment in support of Guatemalan businesses.
For this effort, USAID will provide $7.5 million and has leveraged more than $31 million from private sector partners in the United States and Central America, including Starbucks, Target Foundation, PriceMart, Argidius Foundation, IDC – Alterna, Pomona Impact, Valhalla Capital, Ascenda, Root Capital, Olam Food Ingredients, DT Institute, and Fundea.
USAID is committed to supporting bold and innovative approaches that expand hope and opportunities for all Guatemalans. USAID provided more than $74 million in bilateral and regional development funding in Guatemala in FY 2020.