For over 25 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 & Gaza

2006  Regional development in Ecuador

2007  Competiveness in Macedonia

2008  Enterprise development in West Bank & 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).