Aid on Spreadsheets

Sustainable Markets Initiative Liberia

Welcome to Building Markets' Sustainable Marketplace Initiative Liberia (SMI-L) and Factor Finance for Procurement (3FP). Building Markets creates jobs and sustains peace in Liberia by championing local entrepreneurs and connecting them to new business opportunities. Building Markets works across sectors and with both large and small companies to support local businesses, strengthen supply chains, and ensure monies spent in Liberia stay in Liberia. Watch the video below to better understand Building Markets' work in Liberia.

Improve policies, laws, regulations, and administrative practices affecting the private sector. Includes reducing barriers to competition and unwarranted distortions to market prices; reducing policy and regulatory barriers to establishing, operating, and closing businesses, including micro, small and medium enterprises (MSMEs); strengthening the legal framework surrounding property rights that is fair to men and women, the poor, and other disadvantaged groups so that they can protect and accumulate assets; contract enforcement and dispute resolution, along with the administration of those laws; reducing incentives for corruption and promoting transparent business practices; strengthening the legal framework surrounding intellectual property rights; and improving laws and regulations affecting the creation, dissemination, and use of technology. It also includes improving policies and regulations affecting technology choices and production behaviors with environmental impacts; and improving policies, laws, and regulations affecting hiring and firing of workers, wages, working conditions, and labor-management relations. Includes support for specific improvements and for related data collection and studies as well as efforts to strengthen the institutions that contribute to designing and implementing further improvements. Activities the primary focus of which is combating corruption should be recorded under DR.2.4 AntiCorruption Reforms. Improve the capacity of businesses, including the self-employed poor; micro, small and medium enterprises (MSMEs); and high growth potential entrepreneurs, to start or grow and integrate into domestic and international markets through increases in productivity and improvements in corporate governance and the development and application of modern technology and marketing practices. Enhance the capacity of businesses and business associations in terms of their corporate governance capabilities and their application of best practices and technologies to achieve increased production and marketing of products and services. It includes adoption of efficient production processes, improved labor productivity, environmentally-sound management of natural resources and the development of accounting and management systems that can help the company and industry group implement business, labor, product and process standards that enhance business competitiveness. Business capacity development programs may include activities that help men- and women-owned firms and associations respond to these international markets and create regional alliances.

Project ID

US-GOV-1-LR-AID-669-G-12-00001

Activity status

3 - Completion

Aid type

C01 - Project-type interventions

% to Liberia

100.00

Organisations

Accountable

U.S. Agency for International Development

Extending

U.S. Agency for International Development

Funding

U.S. Agency for International Development

Implementing

Building Markets Ltd.

CRS code	%
Basic life skills for youth and adults (11230)	21.26
Unknown (0)	16.84
Business support services and institutions (25010)	51.76
Small and medium-sized enterprises (SME) development (32130)	10.14