9 March 2023

To support economic resilience and private sector engagement, the Budget requests $60 million for the new Enterprises for Development, Growth, and Empowerment (EDGE) Fund, an innovative effort to unlock and unleash outsized private sector impacts on global development challenges. The Budget also requests funding for “Bright Spot” countries experiencing promising and recent democratic openings. To continue our work to combat democratic backsliding and rampant authoritarianism, the Budget requests $2.8 billion in USAID fully-or-partially managed accounts to foster democratic governance, counter corruption, and deliver on our commitments under the Summit for Democracy and the Presidential Initiative for Democratic Renewal.

Read more at USAID