2023 - 2028 | ACDI-VOCA | $18,000,000
OVERVIEW
The USAID Tajikistan Employment and Enterprise Development Activity (EEDA), implemented by ACDI/VOCA, will work with local and international market actors throughout Tajikistan to spur job creation and catalyze a local entrepreneurship ecosystem while strengthening value-added exports in the textile, food processing, and IT sectors.
A new growth model will improve productivity, workforce skills, and business development.
A $6.1 million Market Partnership Fund will incentivize market actors to start or expand businesses in high-growth industries with green growth potential, enhance workforce skills, and generate inclusive economic opportunities.
EEDA will deploy an initial $2 million venture capital fund through AV Ventures and the Central Asia Impact Fund, which has agreed to commit $2 million in matching funds to invest in private sector companies, including missing-middle Small Medium Enterprises, larger anchor firms, and financial intermediaries lending to Micro, Small and Medium Enterprises.
OBJECTIVES
- Strengthen the enabling environment through empowering the private sector.
- Unlock access to growth-oriented capital through demand- and supply-side interventions.
- Improve the flow of information through coordination to allow private sector investment to upgrade technologies and equipment.
- Incentivize upgrades to and investment in skills development.
- Address exclusionary norms and policies.
ANTICIPATED RESULTS
- 30% Increase in sales among participants
- 5,000 Permanent jobs
- 100 Green innovations facilitated
- 200 Business startups with access to finance
- $10 M Investment leveraged
Market Partnership Fund
Technical assistance, grants and seed and early-stage capital
$3.6M - 200 micro, small, and medium enterprises and ten innovative start ups
$2M - Local market actors, including technical assistance providers
$500K - Short-term technical assistance from fintech and specialized product developers
