Economic recovery and market systems (ERMS) interventions help populations restore their livelihoods and support critical market systems at the household, local, and regional levels, in accordance with the USAID Bureau for Humanitarian Assistance (USAID/BHA) mandate to reduce the economic and social impact of disasters.
ERMS programs complement individual and community recovery and resilience efforts to mitigate the effects of disasters and facilitate recovery. Crucially, ERMS activities integrate economic factors and power dynamics, such as affected populations’ purchasing power and access to market systems, into program design to strengthen interventions’ ability to support marginalized populations.
In FY 2023, USAID/BHA provided more than $169.3 million in ERMS assistance to support activities throughout Africa, Asia, Europe, Latin America, and the Middle East.
