USAID Small and Medium Enterprise Development Funds

Providing help to Croatian Small and Medium sized Enterprises (SMEs) in the war-affected region of Slavonija

With $10 million in U.S. Agency for International Development (USAID) funding, the U.S. helped Croatian Small and Medium sized Enterprises (SMEs) develop especially in the war-affected region of Slavonija. SME support from USAID helped jumpstart Croatia’s private sector development and bring venture capital to the country. Successful investments in Croatia included mechanized mine-detecting machines, consumer electronics retailing, pharmaceutical distribution, and several prominent IT initiatives. As a result, Croatia is now a full participant in the global market economy and boasts a thriving SME sector. USAID provided more than $407 million to Croatia to strengthen democratic institutions, support postwar reconstruction and the return of refugees, facilitate demining operations, provide educational and training opportunities, and help the Croatian judicial and security sectors, to the benefit of Croatia’s integration into Euro-Atlantic institutions and overall economic growth.