Overview
USAID promotes inclusive market-driven growth and resilience to economic shocks and stresses. Through activities that promote investments, strengthen workforce development, and improve the business climate for small and medium enterprises (SMEs), USAID supports Sri Lanka’s economic recovery and sustainable economic growth. To support Sri Lanka mitigate resource-based shocks and stresses, USAID investments enhance environmental and climate resilience and improve energy security and sustainability
Activities
PRIVATE SECTOR DEVELOPMENT (PSD): USAID’s PSD activity increases the competitiveness of small and medium enterprises (SMEs) to diversify Sri Lanka’s private sector and increase revenues in high growth sectors such as tourism, technology, and the commercial care industry. With a focus on increasing women’s participation in the labor force, the activity improves market linkages, encourages the adoption of new technologies, increases innovation, and strengthens professional development to increase the growth of SMEs. It also responds to the economic and financial impacts of COVID-19.
Implementing Partner: Palladium; Total Estimated Cost: $19.5 million; Performance Period: May 2020 - May 2025
PARTNERSHIP FOR ACCELERATING RESULTS IN TRADE, NATIONAL EXPENDITURE AND REVENUE (PARTNER): The PARTNER activity works to minimize bottlenecks to trade, bolster Foreign Direct Investment (FDI), and strengthen the capacity of small and medium enterprises, private sector associations, and chambers of commerce to promote a vibrant private sector in Sri Lanka.
Implementing Partner: Deloitte Consulting, LLC; Total Estimated Cost: $19 million; Performance Period: August 2019 - September 2024
INDO PACIFIC OPPORTUNITY PROGRAM (IPOP): IPOP provides technical assistance to the Sri Lankan Tourism Development Authority (SLTDA), of the Ministry of Tourism and aims to streamline and implement new policies and procedures to enable the fast tracking and attraction of Foreign Direct Investment (FDI) in the tourism sector.
Implementing Partner: International Development Group (IDG); Total Estimated Cost: $3.2 million. Performance Period: July 2022 - September 2024
FOOD SECURITY (Rice Rethink): This activity will help to strengthen agriculture-based livelihoods in central, southern, and northern Sri Lanka through diversification of feasible paddy lands with other field crops during planting off seasons. The activity will also help to increase productivity and efficiency of paddy in districts, ensuring improved livelihood and entrepreneurship.
Implementing Partner: Food and Agriculture Organization; Total Estimated Cost: $10,000,000; Performance Period: September 2023 - September 2027