The United States Agency for International Development (USAID) awarded ACDI/VOCA a highly competed contract to implement the USAID/Honduras Transforming Market Systems Activity. As part of a growing number of U.S. Government programs dealing with the uneven consequences of economic transformation, the project will work with poor and marginalized Hondurans to identify jobs and income sources to stabilize their communities.
“ACDI/VOCA is excited to take on this innovative and important work in international development,” said Interim President and CEO Sylvia Megret.
The project will deliver systemic and transformative solutions – systemic because the project will work simultaneously to facilitate interaction between public and private actors, and to improve linkages between firms; and transformative because it will improve existing market systems to be more competitive, resilient, and inclusive.
ACDI/VOCA is a leader in the market systems approach to international development. ACDI/VOCA partners with private sector, government, and NGO actors to build the capacities of individuals and organizations to engage more competitively and create stronger local institutions which in turn further stimulate broad-based economic growth.
To implement the program, ACDI/VOCA will draw upon extensive experience in Central America and on in-depth knowledge of the economic, social, and cultural environment of Honduras. Implementation team leader, Sergio Rivas, stated that “We are looking forward to collaborating with USAID in bringing their inspired vision to reality. We recognize that an interesting and rewarding challenge lays ahead, but we’re convinced we have assembled a powerful consortium and an incredibly talented team.”