Africa: USAID Mobilizes Record Private Capital for Small Businesses

Washington — The U.S. Agency for International Development (USAID) has mobilized a record amount of private capital to support small businesses in developing countries.

USAID's Development Credit Authority (DCA) worked with 45 financial institutions in 23 countries in 2012 to unlock up to $525 million in private capital for underserved entrepreneurs in developing countries, the agency said in a December 18 news release. The financing, made available through 34 partial credit guarantees, is the most USAID has mobilized in a single year.

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