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Ecuador launches new Productive Network project

 

After four successful years, USAID’s Productive Network (managed by CARANA) launched its second phase this spring with a ceremony attended by U.S. Ambassador Heather Hodges, USAID/Ecuador Director Beth Cypscer, and ministerial and local government officials.

 

Left to right: Productive Network II DCOP Amanda Fernández,  USAID/Ecuador Director Beth Cypser, CARANA Corporation CEO Eduardo  TugendhatLeft to right: Productive Network II DCOP Amanda Fernández, USAID/Ecuador Director Beth Cypser, CARANA Corporation CEO Eduardo Tugendhat


Productive Network II is focusing on agribusiness and tourism to promote the growth of small enterprises and producers in these dynamic value chains, capable of generating more sales and exports, and attracting investors. The project is also building on the legacy of the many regional economic development agencies (ADETs) created during its first cycle .

Since its contract began last fall, Productive Network II has helped the Government of Ecuador institutionalize economic development programming, which meant reorganizing internally to spend resources more effectively and developing supporting laws. Other Latin American countries have put these kinds of processes into place, helping improve the lot of small businesses and innovation in development.

In the last six months, the project helped clinch over $1.7 million in new sales deals for small agricultural producers in Manabí, a province which made tremendous strides in investment attraction during the first Productive Network. New investment attraction agencies have moved into commercial work, connecting small producers with anchor firms and large government programs.

Productive Network II will also become the third CARANA project to put in place a Financial Platform, which has found great succcess in Macedonia and is gaining traction in West Africa.

Published May 2011