Enterprise Challenge Fund

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Enterprise Challenge Fund (ECF) for the Pacific and South East Asia is a A$20.5 million pilot program commencing in July 2007 and will run for six years providing grants to help commercialise sound business ideas in low income markets.

The AusAID-led Australian Government initiative has been developed to stimulate business trading conditions that also have positive impacts on communities affected by poverty. The long term goal is to reduce poverty by developing a stronger private sector.

Private sector development is essential for sustainable economic development and underpins Australia’s goal of reducing poverty in the Pacific and South East Asia regions.

More than $11.5 million has been approved for 22 projects operating in Cambodia, East Timor, Fiji, Lao PDR, Papua New Guinea, southern Philippines, Solomon Islands and Vanuatu.

See also[edit]

AusAID

Private Sector Development

External links[edit]

Official ECF website

AusAID ECF page