Accession Number:

ADA278853

Title:

Enterprise Funds: Evolving Models for Private Sector Development in Central and Eastern Europe

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIV

Personal Author(s):

Report Date:

1994-03-01

Pagination or Media Count:

85.0

Abstract:

Enterprise funds are an experimental model of assistance delivery to the developing private sectors in selected countries of Central and Eastern Europe as they change from centrally planned to market-oriented economies. The enterprise funds are private U.S. corporations authorized by the Congress and staffed by experienced business managers. They have operated for nearly 4 years in the region. Authorized funding for the first four funds is 250 million to the Polish-American Enterprise Fund, 70 million to the Hungarian-American Enterprise Fund, 65 million to the Czech and Slovak-American Enterprise fund, and 55 million to the Bulgarian-American Enterprise Fund. Federal contributions to enterprise funds represented about 28 percent of all budgeted U.S. assistance for the region between fiscal years 1990 and 1993.

Descriptors:

• *EASTERN EUROPE
• *ECONOMIC MODELS
• *CENTRAL EUROPE
• *FOREIGN AID
• DEVELOPING NATIONS
• UNITED STATES
• EVOLUTION(DEVELOPMENT)
• FINANCIAL MANAGEMENT
• HOUSE OF REPRESENTATIVES

Subject Categories:

• Economics and Cost Analysis
• Government and Political Science

Distribution Statement:

APPROVED FOR PUBLIC RELEASE