Timeline
For almost 30 years, CARANA Corporation has pioneered economic growth approaches in more than 100 developing countries.
1984 Carlos Torres founds CARANA in Florida; first contract: USAID investment promotion in Costa Rica
1985 Export development for USAID-backed investment agency in Costa Rica
1988 Eduardo Tugendhat establishes Washington, DC office; investment and export promotion contracts in El Salvador, Honduras, and Egypt
1989 First multimillion-dollar contract: export development and investment promotion in Bolivia
1990 Agribusiness and food security in Central America
1991 Strategic marketing practice for commercial clients
1993 Demonopolization of distribution systems in Kazakhstan
1994 Enterprise restructuring and privatization support in Russia
1996 Agribusiness systems in Ukraine and Moldova
1997 Accounting reform in Central Asia; SEGIR privatization contract
1998 Capital markets and pension reform in Bulgaria
1999 Commercial consulting practice in Russia; electricity sector reform
2000 Eduardo Tugendhat becomes president and CEO; pension reform in Croatia; CARANA Moscow becomes independent firm
2001 Telecom liberalization in the Caribbean; SEGIR Global Business Trade & Investment contract
2002 Business and economics education reform in Central Asia
2003 Enterprise development in Colombia; labor market reform in Bulgaria
2004 West and Southern Africa Trade Hubs; post-hurricane recovery in Grenada
2005 Agribusiness development in West Bank and Gaza
2006 Regional development in Ecuador
2007 Competiveness in Macedonia
2008 Enterprise development in West Bank and Gaza
2009 CARANA celebrates 25 years with 17 projects in Africa, Eastern Europe, Latin America, and the Middle East
2010 Policy reform in Jamaica; in June, Santiago Sedaca becomes president; Eduardo Tugendhat remains CEO and board chairman (Read the story)
2012 SME and exports development in Morocco for the Agency of Partnership for Progress (Millennium Challenge Account)
2013 CARANA partners with USAID and other international development and cocoa industry leaders to found the Peru Cocoa Alliance, supporting agribusiness development; trade policy in Nigeria